Handling custom error files (404/500) in Rails 3

I've been looking at rescue_from and rescue_action_in_public however,
none of them have worked without making a catch-all route.

So currently, my solution is to use the catch-all route: match
'*path' => "controller#action" # custom 404 which then renders a 404
with the appropriate layout whether the user is logged in or not.
I've also set up a rescue_from to handle ActiveRecord::RecordNotFound

It feels like an unsatisfactory solution, and I'm not dealing with 500
errors at all. I would like to keep the informative errors that rails
gives during development, but simply have a choice to render a non-
static page in production.

Help appriciated.