I frequently find that I need to have a build on my iPhone which is my \'demo-ready\' version which might point to my demo server. I also want a build that is the latest and
With the current version of Xcode, you'd achieve this by changing the app's Info.plist file to use a different bundle identifier (and possibly also change the Product Name of the app in the build settings).
The upcoming version of Xcode, from what I've read in the prerelease documentation, has a feature that may simplify what you want to do quite a bit. However, since prerelease software is covered under NDA, I can't give you any details.