Came across this article that may help people comp elements in photoshop…
http://www.digitalartform.com/archives/2005/10/compositing\_pre.html
Basically the method is…
Top layer - rendered object on black background (no transparency or alpha on this layer!). Set blending mode to linear dodge(add).
Middle layer - ‘holdback matte’ - solid black fill using alpha of top layer.
Bottom layer - your background plate.
No black/white/colored outline at the alpha edges - works great!
pshop_alpha.psd (449 KB)