Very nice tram indicator setup. But would not be my first choice for tramming the spindle. I have a piece of welding rod brazed into a 1/2 slug that goes in the spindle. It sweeps about a 30 inch circle on the table. Using a piece of paper under the pointer (0.003) as a feeler gauge you can tell exactly where you are at. I can get within about 0.002 in 15 inches this way, much closer than 0.0005 in 3 inches.