Is anyone aware of blender functionality, or a script, to scale and translate one object to fit nicely around another? This would come in handy when fitting 1 object neatly around another object. i.e. You can quickly create and position a perfectly sized lattice to go around the object you want to deform without having to manually scale/translate the lattice all over the place.
Partially answering my own question in case others stumble here: Blender 2.79 introduced a new, in-box, add-on with a variety of nice features. One of which allows a 1-click solution to create a perfectly fitting lattice (with the modifier setup) for a selected object.
It's called "Add Advanced Objects". Shift-A --> Block Tools --> Easy Lattice