I must admit that in the days of no lasers ceshire ep's where the ducks nuts. though nowdays lasers are pretty darn good!
I use my home made Laser collminator coupled with a SW cheshire that i purchased from nightstalker. I have used this method many times now to collminate beginners scopes at my local club meetings. I find that the laser is great for secondary tilt/angle ect ect but the cheshire to get the primary i dunno theres just something about it!
As i will be using my newt for photography i will definately get myself a high end collminating system that is a cats eye or something equivelent

but for now im loving the learning experience that collminating other peoples scopes is giving me. ( i found out what sloppy springs does and how hard to collminate a scope with them is! ARGH!!!!!!!, okay is this moving the circle to the dot the right way, yes ---> tell me when its enough ----> its going the wrong way now ----> ummm??? i havn't moved to a different collmination screw and im turning this one the same way when the answer was yes....????, fix ---> tighten up the lock screws onto the adjustment screws and then collminate from there!)