For ATtiny x4, the lower 4 bits (CLKSEL0...CLKSEL3) of "Fuse low byte" define the clock source, according to page 161 in Atmel's manual Rev. 8006K-AVR-10/10.
The "0xfe" value sets "0111" bits for CLKSEL0...CLKSEL3, however this config is stated as "Reserved" according to page 25. The external clock setting is "0000" according to the manual.
So, I think the right setting should be:
"ATtinyX4.menu.clock.external8.bootloader.low_fuses=0xf0"
In "boards.txt" file, the fuse setting is the following for the external clock cases:
"ATtinyX4.menu.clock.external8.bootloader.low_fuses=0xfe"
For ATtiny x4, the lower 4 bits (CLKSEL0...CLKSEL3) of "Fuse low byte" define the clock source, according to page 161 in Atmel's manual Rev. 8006K-AVR-10/10.
The "0xfe" value sets "0111" bits for CLKSEL0...CLKSEL3, however this config is stated as "Reserved" according to page 25. The external clock setting is "0000" according to the manual.
So, I think the right setting should be: "ATtinyX4.menu.clock.external8.bootloader.low_fuses=0xf0"