Don't get me started on test charts
Over the years as a photo magazine technical editor I've tried everything. No test is perfect, all can give misleading results, and with some it is actually quite hard to get anything meaningful at all.
The best lens test procedure I know of today is, on balance, that used by DPReview but even that has its shortcomings despite the huge amount of resources they put into it. Fortunately, they know what they're doing so any anomolies are picked up and commented on separately.
But for most people, and I really don't mean to put anyone down here even though it probably sounds like it, a little knowledge is a dangerous thing. In particular, shooting any flat test target at relatively close distance will show 'apparent' shortcomings in some lenses that are simply irrelevant. Sorry Stewart, but even 50x focal length is not enough for some lenses, eg fast wide zoom

And if you test the AF on your 70-300mm with that A4 sheet of paper at 45deg, your focus is more likely to appear to be out than in, when it's actually fine for normal photography.
Test targets are only necessary when you need to take
comparitive measurements, that are repeatable day to day and month to month. Most people don't need that - they just want to know if their gear is working properly. In which case, the best test target you will ever find is right outside the door in everyday subjects.
It's easy to devise real world tests that are 100% relaible and relevant. I've gone on too long now, but if anyone wants to check anything specific I'll try and post something up. Right now I want my Sunday lunch, but I've posted stuff before if anyone care to search my profile.
Cheers,
Richard.