I have one and don't use it. Mainly, it does not "amplify" or "magnify." To explain:
With the rotating Starrett contact edgefinder, at the instant of contact after an approach movement of a half-a-thou is amplified into the very obvious "kick" movement. No such amplification occurs with the laser edge finder.
I have a Starrett, an electrical and a laser edgefinder as well as an optical center finder that sometimes doubles as an edgefinder. The Starrett and the optical unit get the most use, by far. The optical is expensive; but, with its high magnification there is no doubt that I'm within a few tenths of a thou. IMHO they're well worth the expense.
I'm still trying to find a use for the laser, but it eludes me, so far.
Orrin