Which, the radii cutter or the zero-center?
The zero-center is used like a coaxial indicator on a mill. You mount the stepped post in your quill using a collet or end mill holder. A dial indicator is attached to the left side (in the pic) of the block. You can then use it to center a circle or other misc. pieces to the quill. Here's a similar one from Enco's website:
The radii cutter is just that. The big crescent shaped thing is attached to the compound/cross slide of a lathe and is used to cut a radius/circle/globe. Here's a pic from Holdridge's web site:
Hope that helps,
-Ron