I know on the older type of motors, you know before all the electronic hoop laa came along, about 8 to 200 you need to hook that tach to and unregulated power supply from your motor and ground it back to your motor and it would work. What kind of motor are you trying to get your tach to working on?
Snuffy on your s giving eratic readings you need to get a 2000 ohm resistor that reads one way and hook it to you sensor wire and to the ground wire and it will stop the charge loop that is taking place so yours can get a correct reading.
On the water cooled recetfier that they put on those omc and mercs that cost 400 to 800 bucks to replace can be replaced with a bridge recetfier from radio shack for less then 5 bucks.