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I'm developing a physical optics modelling package for python, based on the Gaussian Beam Decomposition method (a.k.a. method of Gausslets). It also does conventional geometric ray-tracing. It handles polarisation, dispersion and diffraction. Raypier provides nice model visualisations via VTK and a live GUI where you can "twiddle" with your model parameters. Performance is pretty good, I think, although I've got no points of comparison. Check out the docs at https://raypier-optics.readthedocs.io/en/latest/introduction.html and/or get the code at https://github.com/bryancole/raypier_optics