2)Vapor cloud wont be a problem, this was built mainly to messure velocities of my high power multistage coilgun (1KJ ea stage).
3) i did not want ot use the peak and negative spikes to calculate speed, mearly to verify speed.
4) my sound card works fine with slow things. I can poke my finger in, leave it for 5 sec and pull it out and still see it if i want too.
I wont bother trying to boost the power unless i see a problem.
heres a picture:

taken with webcam, so crappy, you can see the parts though.
The black blocks are what hold the LED's (there actually lego bricks, led's fit tightly in them, allows me to replace if need be). The spacing is so the LED end is right outside of the PVC outer wall, so it wont get in the way of the projectile.
the yellow and thicker black wire is LED power, the other one is the mic jack wire.
On a off opic note:
The other thing in that picture is a flyback, i assume you know what that is. Do you think using a tone from the computer at 20Kilohertz, square wave, and a mosfet i can drive the flyback? it turns out the 555's i ordered are SMD =/