Yes, unless you happen to have an earlier model Dyna ignition conversion, the ignition system is
a wasted spark setup, so one cylinder is basically coming on an exhaust stroke while the other
is filling with combustibles. The early Dyna conversions are long since NLA, so chances are
good that you have the same basic setup. I usually use the left cylinder (clutch lever side)
because that is where the timing hole is to inspect the timing on the flywheel, but if you
have long enough wires on your timing light, I suppose it doesn't really matter.