Hi Loply,
I agree absolutely, if the hole is big enough to get a normal edge finder in. An edge finder and the halving button on my mill's DRO is the method of choice for the majority of my centring needs. The laser circle one was developed for such things as broken bolt centring, prior to drilling. As to cost, they can be built for price of a small laser pointer(<=£2 the last time I checked) and few pence worth of metal and plastic. Oh, and a few hours in the shop but that does not count, does it?
Ned