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The Meade comes with a 8x50. Will that be sufficient to guide?
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From my limited experience, maybe, I had some success guiding with an old 70-200 zoom lens and an orion starshoot autoguider. The Orion starshoot isn't as sensitive as many autoguiders but it worked quite well on the old lens (which was under 50mm aperture). The starshoot comes with PHD for guiding.
If you're after a cheaper solution you could use a toucam with PHD, but you will need some extra hardware to interface with a laptop.