Six banks of 8 cylinders and crankcases all connected by gears/chain at the aft side driving the rear wheels via a drive shaft housing/swing arm. Six engines. Spark or ignition is handled on the opposite side of the gears near the carbs (Mukini slides). Probably done with a one single stator/rotor and a modified programable ignition module or coil booster. You might then think firing order is probably similar to an inline six or perhaps double inline four and 1 and 8 firing off and the firing pattern traveling towards each other 1--><--8 or something. But since its a two stroke 1/2 of the cylinders must fire every 180 degreees of crankshaft revolution. My guess is that it fires sequentially up(1,3,5,7) down(2,4,6,8) each set of cylinders up/down corrosponding with an opposite bank of cylinders like an X engine. No reason to fire each bank like a V6 arrangement since each bank can share a set of cylinders in firing order oppsite to another bank. Also the crankcases were probably fused together per bank of eight cylinders. This would allow seperate crankcase breathing per cylinder, provide the most firing per 360 degrees, and stress the crankcase arrangement the least along the longitutional axis.
As for tuning and performance. The drive shaft doesnt look very rugged so I bet the configuration is more for show. The engine probably does not rev very high so exhaust scavenging isnt as important. As far as two strokes go, in looking at the exhaust pipes and carb configuration, it probably is tuned to just run as smooth as possible and not overheat at low RPMs. He could also have slightly changed the intake and exhaust port shape/arrangement to better handle low lower RPMs. Each cylinder probably produces much less HP than its original configuration but hes got alot of cylinders. Even if he were making only 10 HP each cylinder assuming each is a 90cc (in normal tuned config a 90cc might get 17-19 HP), thats 10*48=480 HP.
The bike probably doesnt rev or ride very well and is noisy as hell.
Cough * cough, just my thoughts. Feel free to correct me if you disagree...