The fastest way I have found is to setup your target first on the first cease fire.
Then between that cease fire and the next, set your rifle up on your rest and point it at the target and remove the bolt. I usually look thru the scope and center the crosshairs on the center of the target.
Now, during the next cease fire, pace off the distance you want from the shooting bench and place your chrono. Look thru the chrono (where the bullet will travel) back towards you rifle and adjust the height and position of the chrono so you will be looking thru the chrono and into the muzzle so you see light thru the barrel (remember, the bolt should be out).
When you have this alignment done, go back behind the firing line, don't approach the bench, but stand behind the rifle and look over the top of the rifle to see if it appears to be pointed thru the chrono screens. If it doesn't look right and you still have time during the cease fire, go back out and make some adjustments.
I do it like this all the time and I usually have time to setup the chrono, check from behind the firing line, go back out and make changes if needed, and check again from behind the bench.
I am more concerned about the alignment of the barrel to the chrono rather than the scope or sights.
After all this, I usually have time to spare while the rest of the shooters are making the trip to the 100 yd targets and back.