@EdInk - I agree that overall the mod is overly complicated. However, I've read a lot of DIY threads and articles on adding Poor Man's Dots, and most folks have not had good results with paint or nail polish. Typically the dots are not symmetrical.
I do like the fact that with the 1/16" hold punch, you're guaranteed that all of your dots are perfectly uniform. Plus, there are a lot of options for colored mailing labels. Even florescent peel off targets seem to work well.
The trick is figuring out how to secure the dots so they stay on for a month or two.
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