Well...
This is an interesting topic.
I dont do cigarette magic regularly for a couple of reasons: 1. I dont smoke. 2. Im 15, parents finding me with cigarettes is a big no no 3. gives a wrong impression of what you do although it may be cool 4. Cant really do it in Non-smoking areas even if its not lit.
I find that cigarette magic is indeed amazing. The sleight of hand used can be as hard as any other. But what I find which makes the tricks special is the smoke. Making something dissappear in a puff of smoke is much neater than just a little rub. But with all the limitations, I dont really find the point of using a cigarette. I still practice the same sleights with pencils which have become too short, cigarette sized candy, and bits and pieces of the same size. It works exactly the same cept for the smoke and the message.
As I have some friends who do smoke, when they pull one out, I am still able to make it dissapear and what not.
Having 50 Ways to Rock a Lighter doesn't really require you to do cigarette magic. Ofcourse if you do, then you can just light it in a very fancy way. But I myself do some pyro magic and lighter flourishes fit in nicely. The flourishes can also just be done like card flourishing. Lighting is not even necessary. You can just flick around with a unlit Zippo and still look pretty sweet.
If I did smoke, I would practice cigarette sleights as well as the actual smoke stunts such as smoke rings and such. Little add ons like smoke rings can make productions a lot more visual and aesthetically pleasing.