It's the lantern from his '97 flash sheets if you're familiar with that. It's a pretty small piece. Probably take an hour or less. I'm feeling pretty well and leaning toward doing it.
You could try a laser, but personally I wouldn't worry about it. As far as being "precise" that depends on the operator - but worst case is you might have to do a touch-up (that hopefully doesn't have another blowout).