Currently Being ModeratedNov 15, 2012 6:54 PM (in response to newbsteve)
You can do this using target disk mode. If both of your systems have either FireWire ports or Thunderbolt ports it is fairly straight forward, just connect them using the appropriate cable.
If only one of the systems has FireWire and the other Thunderbolt then you will need a Thunderbolt to FireWire converter,
Once you have the systems connected just copy the library over no need to use a vault.