Clive –
If you were to use a 1 MW laser you will have a hole in the table before long….
But your caution about lasers and eye exposure to them is exactly right. Over time, even a 0.1mW laser can cause eye damage.
I have tried a few laser centre gizmos and find the dot is always a little too fuzzy for even a few thou resolution in metalwork. Great for woodwork though.
For general locating and positioning to lines and centre punch marks I often use a simple piece of unhardened silver steel 1/4″ dia, turned in the lathe with a sharp conical point concentric to the OD of the rod. This pointed rod is placed in the drill chuck or a collet, with the point close to the work. The point can be aligned surprisingly accurately to lines and centre punch marks by eye if sighted from a few angles with a good light and a magnifying visor. If the tip gets banged up or bent, it can be re-turned to sharpen it anytime.
One note about this trick – it pays to turn on the drill or mill to be sure the point is running true to the spindle, if it isn’t true, the tip will wobble and your layout will be off.
If the chuck or spindle does turn up wonky, you can still locate your work to true spindle centre with a piece of clay and a pin. You place the clay close to center on the end of the chuck or tool, start the machine and with your finger, push gently on the side of the pin until it runs true. Don’t touch the pin again. Sight the end of the pin over your mark as above by moving the work or the table. Lock the table/work when it is aligned. Take away clay and pin, fit the tool or drill and the spindle is still aligned to the mark.
Both methods cheap as chips and these tricks work, they were taught to me many moons ago by a master machinist using totally clapped out machines but still making good work.
JD