My package did the job just fine, but past year I was blown away by the simplicity of the same package in Fedora: their init.d script provides a set of extra commands to initialize the server before starting it up, and that is it. No need to mess with a separate interactive script; no need to create and memorize passphrases that you will never use; and, what's more, all integrated in the only single place that makes sense: in the init.d "service management" script.
It has been a while since I became jealous of their approach, but I've finally got to it: I've spent the last few days rewriting the monotone-server package in pkgsrc and came up with a similar scheme. And this new package just made its way to pkgsrc-HEAD! The new package comes with what I think is a detailed manual page that explains how to configure the server from scratch. Take a look and, if you find any mistakes, inconsistencies or improvements to be done, let me know!
In the meantime, I will log into my home server, rebuild the updated package and put it in production :-)