I saw that colortune in the lmc catalog...
I don't know if it'll work on a two smoke or not... given the two stoke is just an engine without the separate intake and exhaust cycles, it is possible that this would work to tune saws and such.
It's 85 bucks from lmc. Don't know about other sources.
Do any of our sponsors here offer that? Probably not... if there was one for chainsaws and such, I'm pretty sure Baileys would carry it then...
As you said, an adapter for the insanely small spark plug holes on chainsaws and trimmers would be needed... problem there is that it could block the window, and you then wouldn't be able to see the flame front as well, which could cause incorrect tuning.
It is a great contraption... I have plans to add it to my arsenal of tools at some point... be good for tuning carbureted tractor or lawn mower engines, stuff like that.