A scope would provide the best view of the pulses but you can try to rearrange
the sensor slightly inwards or outwards and see if it changes anything.
The humming once per revolution is a typical symptom of a bad
tachodisc (not in this case unless some holes are blocked or the disc is dented) or misadjusted opto sensor.
Alternatively, measure the voltage across the sensor when over a hole and while not (rotating the spindle
very little by hand).
The eddy-current coils are quite power guzzling ones and if not run correctly, they will easily
draw enough current to blow the fuse.
Martin