Just out of curiosity, having never used an Elkmaster or a milk dud, what does the soaking and pressing do for the tip to make it better?
Elk masters are very soft tips, the end result is a tip that is harder, but still has the good qualities of the original tip. They don't tend to mushroom, hold their shape, take chalk well, and play very well.
I think the ones from pooldawg8 play as good as any tip I've tried.