I just stumbled across the alignment feature of Astroplanner (v2 beta). In the "Telescope" menu there's a "1-star Polar Alignment", "Iterative Polar Alignment", and a "Polar Drift Alignment Helper".
Upon seeing the iterative polar alignment part, I couldn't help but recall
Allan's recent "Get polar aligned in minutes" thread for Alignmaster. Looks very similar to my noobish understanding.
Anyone tried it?