I answered your question on the LF photo forum; shutterfinger kindly provided the link here also.
When KEH lists a large format lens, they usually write something like "Seiko B 48MT" or "Copal BT 42MT." That's not a formal name for the shutter, it's just information. "Seiko B 48MT" means that it's a Seiko shutter, it has a B setting (some shutters have both B and T), and it needs a 48mm hole in the lensboard. A normal #1 shutter needs a 42mm hole in the lensboard. Apart from the different thread sizes it operates like any other leaf shutter.