Each coil has 2 HT leads that feed 2 cylinders. The 2 cylinders are 360 degrees apart.
For example here is a GS1000 crank:

One coil feeds cylinders #1 & #4 (outboard cylinders). The other coil feeds cylinders #2 & #3 (inboard cylinders).
For example look at the coil feeding the inboard cylinders. The two pistons are 360 degrees apart.
The coil fires both plugs as piston #2 is reaching the end of the compression stroke while piston #3 is reaching the end of the exhaust stroke.
360 degrees later the coil fires again with piston #2 reaching the end of the exhaust stroke & piston #3 reaching the end of the compression stroke.
So on the GS1000, the coils every revolution.
A simple timing light like the one I have has no info about the rpm. It just fires the strobe light every time the HT lead is fired. How that relates to rpm depends on the engine.
I also have a dwell & rpm meter from back when cars had points. The readings on that meter depend on the number of cylinders.
And from a bigger picture…
When using a timing light to set the points, it doesn’t make a difference if the strobe fires every time the points open or every other time. In either case the strobe tells you how accurately the points are set.