In my opinion if you don't use a reticle EP you can forget about precision, in gotos or polar alignment.
I don't own a polar finder scope partly because my mount did not come with one and partly because many CN members like Chris do not think highly of them. A reticle EP is a must have. However, I would like to delve deeper in the polar alignment procedure itself. In my step one, I did an initial polar align on Polaris by centering Polaris in my reticle EP using the Alt/Az adjutments of the GEM. Since Polaris is approximately 0.7 degress from the NCP, my initial alignment was off. This was later corrected when I did a polar alignment using the mount software. This involved centering on a Star near the Meridian but not near the pole. Then executing the polar align function on the hand control which moved away from the star and then moves back but not exactly on the star. Then I centered the star in the reticle EP using the Alt/Az adjustments on the mount. Using the software polar align, the reticle EP is required for accuracy, but on the rough polar align that I did in step 1, the reticle is not. I am planning on changing step one as follows:
Dial in Polaris in Sky Safari and turn on the NCP marker and create a ring with crosshairs the size of 1.5 degrees. Place the center of the crosshairs on the NCP and see where Polaris falls. Of cource I will need to have Sky Safri flip the view horizontally to match the view through my refractor. I will then take an eyepiece that gets a 1.5 true field of view and place Polaris using the Alt/Az adjustments of the mount in the same place as that I see it in Sky Safari. If I then really wanted to get an accurate polar alignment, I could then skip the software Polar alignment in my step 3 and just do a star drift alignment from there using the reticle EP. If the clouds permit, I will try this tonight.
I remember reading that a polar alignment should only be as accurate as it needs to be. So if I am just trying to take 2 minute exposures, then my initial method will work just fine. If I need longer, then it looks like I will need to do a star drift alignment.