
First dumb, newb question - what does this thumbscrew do? Apparently nothing?

I haven't sorted out a magnetic stand for it yet but hope to pick one up soon. When using it to, say, measure endplay, is it a question of sticking the base to the flywheel, pulling back the flywheel, preloading the indicator somewhat against the case, setting the dial to zero and then measuring away?
Gotta be an improvement over my previous, ghetto measuring...











