Thank you! That's interesting, I'll definitely try that one.To modulate the laser less than 100% (on/off), you can use a transistor across a resistor in the power feed to reduce the voltage from six volts to five volts. That reduced change should not turn the laser off, but only reduce the intensity enough to be sensed by the receiver.
An interesting alternative will be to try modulating a high intensity LED, which will not have an internal driver that limits the response time. If you are using a fiber-optic connection that should not be a problem.
Currently, I'm using a generic red 5mW Laser Diode (I guess this has some internal circuitry). I hope to use infrared laser next time so I have less interference with ambient light. No, no fiber optic, just want to use free-space.