I am also curious about the "refine markers" option. I just tried it on some tree stumps I'm using for alternate GCPs since the vegetables ate my markers. It seems to work ok, since the stumps are circles, but I am a little leery to go and refine all of them.
Also curious what happens when we try to do that on an iron cross or a crosshair or a St. George's Cross (they are cheap substitutes for "real" aerial markers) and I would love more info on how the refinement algorithm works - does it assume that the shape is perpendicular to the camera, or just that it's radially symmetrical? Would be cool if I could specify if a target was radially or bilaterally symmetrical...