Hi Gene,
DIS is distributorless ignition system which is the same positon on the tach that would be used for two stroke engines, spark at every engine revolution. Been a while since I've dealt with two stroke Lawn Boys.
I have several types of tachs in my test equipment box. A vibration tach marketed by B&S and made in Germany, a wireless tach that reads thru an antenna and has a digital readout, and the two IR tachs that I have mentioned. With the IR tachs, if there is no access to the rotating part then they won't work. I use the wireless tach on small engines like chainsaws, weed trimmers, etc where there is no visable access to the rotating parts like the flywheel so this type would work fine on your Lawn Boy providing the spark voltage is high enough for the tester to pick it up. The wireless tach is the most expensive of the group, mine was $250 but it has an additional pickup that is used on diesel engine injector lines. I will have to look at the vibration tach instructions to see if it will work on two stroke engines, I do know that the vibe tach gives false readings when used on a V twin engine.
Inductive pickup type tachs have been around for years, I retired mine several years ago and sold it to an automotive test equipment collector, I bought it in 1974 along with a high speed timing light.
I've added some pics of my test equipment. I don't have a pic of my second IR tach but it is a different brand than the Neiko and a lot smaller.
Mad Mackie in CT