I took a new pic hopefully attached below that shows how I mounted the Digtal Speedo in Bugsy. Need to go wired as wireless distance ratings are < 4'.A couple of things I used for Bugsy.
1) Sigma Bicycle Speedo - Wired - Can read up to 180 MPH
2) Magnetic Reed Switch - I replaced the standard switch from Sigma with a commercial rated magnetic reed switch $2.50 at any industrial; parts place, Grainger. Easier mounting flat package
3) Round Button Magnet - cone 10-15 per package - Hardware store $3.00
4) Aluminum bar stock, 1": wide x 6"-or so - Drilled to fit spacing of rear spring U bolt, bar extends and holds magnetic reed switch pickup next to rear drum. $1.59; 2 nuts and lock washer to fit lower spring U bolt
5) J-B Weld - used to glue button magnet to rear drum and hold reed switch to pickup Bar Stock Arm.
6) Telephone mounting cord - flexible, bends, can handle flexing needed as rear axle moves up and down.