I have tried all sorts over the years. Got a Haimer [ too big and bulky ]
Co-ax centre finder for holes [ even more bulkier ]
Toolmakers microscope, very, very expensive Russian one but too much of a pain to use. One advantage as coming from the Belarus area of Russia you don't need any background lighting.
4 or 5 sets of wigglers in various holders [ work Ok once you get used to them ]
But for years I have used a variation of what Phil has but simpler as mine is a 20mm bearing on a 6mm piece of silver steel. Have an accident and all it costs is another 2" of silver steel. I use a 20mm bearing as I'm all metric and 10mm is a nice figure.
However something I have found is if you use a 2RS rubber shielded bearing as you make the initial contact it slows by half due to the drag on the seals and that is the exact point.
I ran some checks once by finding the edge, zeroing the DRO and then checking with other methods.
Must admit I have bought two of the laser finders, both different and broken both of them. I regard them as gimmicks