For race folks portability does matter. These modern optical alignment system tend to be bulky due to their complexity and set up (stand, camera-illumiation system and more) complexity and space required. The modern system DO compensate do run out after folks who make these began to address inherent sources or error in these systems.
In the electronic instrumentation world, this technique that is being used on these optical alignment systems is known as Normalization. Have been using instrumentation with this feature since the early 1980's. It works and can improve accuracy if the sensor and input data points is completely predictable and repeatable. Problem with this method, tolerances in the real world tend to limit the amount of accuracy enhancement possible unless the user/designer(s) are extremely careful of all possible variables.
My first exposure to these optical wheel alignment systems were in the mid-1990's when a company asked me to design (consulting job) a high power LED driver for them. Turns out this company who asked for the design to be done was used in the first generation Snap-On optical alignment system. Got a proto demo and a pretty good idea of how these systems work including the machine vision software-hardware.
Do not think or believe I'm totally negative or un-accepting of these optical wheel alignment systems, they are a compromise for vehicle production and vehicle service environments where speed, ease of use and enough accuracy is a must. The racer folk's portable alignment system with hub-wheel stands, string, load cells at each wheel is difficult to set up and the users MUST know precisely and exactly what they are doing or there will be a disaster. When done properly, these alignment systems are remarkably accurate and precise and repeatable trading off ease of use-set up, reduction of possible user errors and many other real world factors that would make the racer's rig nearly impossible to be effective in the shop or production vehicle environment.
Bernice