Let me know if you figure it out. I have a laser distance measuring sensor that I would like to use in a digitizing/probing routine. You will need to hook up the analog output from the sensor to an input pin on your controller board. Most of the sensors output a voltage (0-10V) or current (0-24mA) signal. You can use Mach3 "Brains" to convert the output to a dimension (or even a VB Script).
You can find a good source of sensore at
www.automationdirect.com. My sensor has a measurement range of 300mm (from 50 - 350) with 80 micron resolution. Cost brand new is $630. I found one on ebay for 250. If all you need is off/on sensing, there are less expensive versions. You can also get higher resolution with shorter measuring ranges. They have charts that show all the parameters you may need.