Hi Gary,
Vertical alignment is absolutely important, but you don't need to invest in those equipment to get it right.
If you are using the M19 XO, then what you need is probably for someone to give you the exact offset dimensions of the 811 and 416 in the M19. You'll probably be 95% there. And if you must, fine tune further with CDs you are very familiar with.
I have successfully adopted the M19 XO to my 288/1005. I don't need no 2405 anymore. I used Hovland for the bypass caps. The depth and details is just amazing once you level the response. The optimal setting for the mid is about 7 for the 288/1005 vs 4 for the 802/511. I must say the M19 XO is a very important piece of network for all who doesn't wish to dabble in active setup.