Fuel pressure was set to 30psi and attempted the first start. Took a video using the iPhone (will use different orientation next time) to show the screens on the MBE software. The oil pressure fault shows up, the sensor is not reading an oil pressure until the engine cranks.
Bad crank tooth pattern also displays, which was a bit of a red herring. I persisted with it and noticed that the engine tries to fire and then stops. I nearly ended up removing the engine to check the type and operation of crank sensor which should be a 24-1.
After some head scratching, I eventually turned over the engine whilst opening the throttle and the engine fired, the issue was that the idle screw was set too low and was not getting enough air to fire. At least the engine did not need to come out.