It's possible to combine EDIS and an individual coil set-up. In fact, my first EFI installation used an EDIS-8 module from a Crown Vic with 8 Ford COP coils, wired in a waste spark configuration, mounted on the valve covers. I simply replaced the OEM coil boots with some short plug wires.
For a trigger wheel, I bought an entire 5.0 Mustang damper assembly on eBay for $20, removed the trigger wheel and mounted it on my 351C damper, between the damper and the pulley. I used a crank sensor from a Taurus.
I used an Accel DFI GEN 7 ECU to control it all because Accel has EDIS control software. I also used an Accel unit (
http://www.autotrendefi.com/distributor_cap.html ) for the cam sync signal but have a Price Motorsport unit ready to install shortly. The Price unit uses an OEM Ford sensor.
About the AEM sensor you mentioned, I've heard it's notoriously unreliable.