Well, depending on how you are at wiring and putting electronics to use, you can do this. Some people pay $800 for this
but it might be more satisfying to do it yourself if you don't catch on fire!
You would need to sample the voltage produced by that sensor at various rpms and create a map to understand visually what you were looking at. Procure some flow control valves of various rates. Map out at what rpm you would like what amt of flow. Probably need a signal buffer. You would likely be able to do this without any computerization. There are multiple ways of controlling flow, you will have to decide on this. Still probably be best to have a microswitch for idle validation, just in case.
James