Yes, a call to Faria cleared it up. The Variable Ratio tach is the correct one to use with an alternator sender:
Faria explains it on p7 of this document:
https://fariabeede.com/site_manuals/IS0100q.pdf (excerpt below):
Diesel engines: The tachometer signal terminal is hooked up to 1 of 3 things: a) the Alternator b) a tach signal generator that is spun by the Mechanical Take-off c) a Magnetic Pickup sensor which counts gear teeth
The alternator tachometer: which is also called avariable ratio tachometer is hooked up to the AC output terminal on the alternator. This terminal can be tracked in a variety of different ways: AC. AUX., S, R, TACH or nothing at all. Once installed, the tachometer is then calibrated to that specific engine by using a shop tachometer or a known “no load” governor speed.The white label on this tach gives the formula: [Crankshaft pulley diameter divided by the alternator pulley diameter times the number of Alternator Poles = N]. “N” is used to determine the correct switch setting. Another adjustment on the back allows for fine tuning.
The Switching Diesel Tachometer: is hooked up to a tachometer signal generator which is spun by the engines’mechanical take-off. One of the signal generator’s wires is grounded to the engine and the other is connected to the tachometer’s signal terminal.The white label on this tach is marked: 1/2:1, 1:1, 1.5:1,2:1, which corresponds to the different mechanical take-off ratios.
The Mag Pickup Tachometer: hooks up to a magnetic pickup sensor which counts gear teeth. Here neither of the wires is grounded to the block. They are both routed up to the tachometer as a twisted pair. One hooks to the signal terminal and the other to the ground terminal on back of the tachometer.The switch is set to the approximate number of teeth that the sensor sees on each engine revolution. Another adjustment on the back allows fine tuning to the exact number of teeth. The label is marked in ranges generally from 30 to 160 gear teeth.