Thanks Corbitt, I appreciate your assistance.
I was working down the same lines yesterday with the Cut Fill map approach but didn't think about the contours. I was hoping it would be possible to explode the daylight line and convert to linestring but no luck so ended up tracing over the daylight line as suggested. Unfortunately it's not possible to snap to this line so it was a zoomed in guesstimate with elevates snapped to the surface.
This intersection of surfaces would be a good feature to add as a macro for future. This is something we use lots when doing earthworks models and rough volume calcs without having to build corridors etc.
Cheers
Ben