Thanks guys for the kind words!
Regarding leveling with cores. It works great for seed bed prep and smoothing on a renovation when you drag the cores. It has the advantage of almost tilling, but without the uneven settling that could occur with tillng. It's all about bringing enough soil to the surface though. For example, I went over the yard many times(I believe 10x). With that aerator it was ~14% affected surface area. If the aerator pulled 2" cores, that means there was enough cores to cover the entire area to a depth of .28". Low spots get more and high spots get less(and some falls back in the holes, but at a reduced bulk density), but if you don't pull enough cores it won't be as effective. You need to calculate the affected surface area by taking the tine spacing and the size of the tines.
On an existing lawn, the process will not be as effective, but still works some. Raking cores to low spots would be more effective if the low area was bare where you could pile up the cores and then roll them smooth. Then seed, plug, or sod.
I actually picked up a new aerator recently (greens type aerator). I plan to use it tomorrow and have the tines configured to do an affected surface area of 7% in a single pass on the existing lawn. Then drag it smooth and clean up the thatch puffs. Should bring enough cores to the surface to cover the entire area 1/8" to 3/16". There are some benefits to dragging the cores (think poor man's topdressing). I'll try and take some pics and talk about it some in my journal in the coming days.