Jim,
I just finished up a test I have been meaning to do for a while. Using my proprietary scientific method, I compared the Orion collimation cap, Orion Cheshire/sight tube combo, Orion standard lasermate, Kendrick 2" laser, barlowed laser, Catseye 2" Black Cat cheshire and Catseye 2" Infinity autocollimator. Oh yeah, I tried out my Mk1-Mod0 eyeball as well. The results kinda surprised me a bit.

I will write up an article for Astromart, but here's a summary:
The best for primary tilt adjustment? Gosh darn it if that cheapo collimating cap that Orion provides didn't work as well as anything. It is precise and accurate. It wasn't so good at the secondary tilt, but good enough, I think (secondary tilt is not nearly as critical as primary tilt). All of the methods were accurate and precise enough that I would use them on my Starmaster. The lasers were prone to wobble, but careful insertion lead to repeatable and accurate results. Proper laser collimation is required.
The best for secondary tilt? The Catseye Infinity autocollimator, but the lasers did almost as well and, IMHO, certainly as well as required. The collimation cap and cheshire were not as accurate, but probably good enough.
The Mk1-Mod0 eyeball was good enough to get you close on the secondary and primary, but not for critical observing. Just too sensitive to eye placement.
What would I get? A cheapo laser for the secondary tilt and an Orion collimating cap for the primary tilt. Or just the collimation cap. Eeeghads! I have over $400 worth of collimation tools and I'm recommending a freebie (Orion doesn't even sell these things seperately). Actually, I recommend that you use whatever you like best. I like the Black Cat for the primary and a laser+autocollimator for the secondary. If you like the cap, feel free to continue its use as it works as well as anything else. If you like high tech lasers, they work, too (make sure they are collimated, themselves). If you like star collimation, well, I dunno about that as it's cloudy and I couldn't try that out.
For those that care about such things, the truth data was the Black Cat and Infinity. I have checked them against myriad star tests and they have proven themselves to be right on.
One note: I have a Catseye red triangle as a center spot for my primary. IMHO, this is a much better type of center spot for accurate collimation. Just easier to see very small deviations. Her's a pic:

Anyway, surprising how well the simple stuff works.
Tom