Earlier quoted context omitted.
As far as I know, people generally use more sophisticated algorithms that run on commodity hardware. I remember hearing about this many years ago, but never actually saw it in the wild.
Smith-Waterman is the "gold-standard," but for speedy heuristic DNA alignment these days, BWA and Bowtie are probably the two most common mappers, and they're both based on the ideas of the FM-index [1]. BLAST and BLAT were previously the two most commonly used, both hash-based aligners, and they're still used today for one-off database searches, as they are more accurate, particularly for long sequences. [1] http://…
http://www.ncbi.nlm.nih.gov/pubmed/20733242 https://github.com/akhudek/feast
Sadly, I haven't seen this research be applied anywhere. I'm not sure if it's a lack of advertising, or that there is nothing interesting at extreme divergences.