PatrickH, I have to agree with Dusty about the use of a chronograph during load development. Here's a few of the questions that I have asked myself and other shooters about this subject.
Q, Wont the magnetospeed affect the harmonics of the barrel and give you a difference in poi?
A, why yes it will.
Response:  Yes, in my experience the magnetospeed can affect poi.  But, we are not looking for POI when using the MS.  We are looking for a flat spot in velocity.  So, where the bullets land are not important.  In fact, using this method, you don't even need a target for powder charge development.    
Q, So would it be safe to say it can also affect your grouping during development ?
A, its very possible.
Response:  Yes, it can affect your grouping just like a barrel tuner.  But, again, we are not looking at nor concerned about grouping.  We are looking for a node or window that our velocities change very little.  You will also see a low SD across these groups of rounds.  
Q, So then I would have to load twice as many rounds per charge so I can shoot for grouping, then shoot for #'s?
A, yes, also doubling # of rounds down barrel.
No, it should actually take the same or fewer rounds.  Fewer since there is very little chance of ambiguous results.
Q, So if i observe load data and load for either OCW, or ladder test i should be ok as long as i check for pressure signs after each charge weight?
A, Makes sense to me.
Resonse:  You could certainly use OCW or ladder, but they can be difficult to decipher.  Just look at how many threads there are asking for help interpretting both.  In addition, a chrono gives objective data that really can't be messed up when interpreting.   It's real easy to pull a shot on a ladder or OCW.  Using a chrono, you could pull every shot--but you would still retain the important information.  
For seating depth testing, I don't use the MS.  Instead I take a page from Tony Boyer's book.  This is where I look at the targets for feedback and the chrono probably wouldn't do much good, but I've also never cared to try and see if I could establish seating depth with the chrono; I have my doubts.  
Good Questions!