Well... logically speaking, a camera will not care for the difference between wavelengths when it comes to determining distance using a laser scope. There are several ways to check distance using coherent light. Such as:
Beam elevation: say you put the beam at 2 degrees above the horizontal, for every X amount of pixels the dot moved up, that's how far you are.
Multi-beam separation: 2 beams start at 2cm apart and separate at 30mm per meter, the farther apart they are, the farther away they are. This is particularly easier with 2 different wavelengths, and this is what I'm guessing they are using if they are in fact using the laser for distance measurement.
Response time: strobe it and wait for it to come back... used with IR mostly.
Projection size: The bigger/smaller the dot, the farther it is.
All these require very sophisticated computer software and very clear imaging. The easiest being the echo response time, although very difficult in areas saturated with the projected wavelength. On the other hand, if you were to use a green laser where the beam would be pretty much as good as a solid steel rod going through the water to a camera with the aid of a red 'dot' you get very easy measurement and much more accurate results. It took me about 3 months to make a code that uses only 2 red laser pointers to judge distance. I am positive that if I had the ability to have 2 green fully visible beams going through the field of view, it would have been much more accurate and much easier to program
Obviously the 3 months included the full final product... but the logic was a very bad time guzzler! ;D
--DDL