I like using 1 of these to square the vice on my mill it doesent take anything extra just put it in a collet lock the spindle and run it against the jaw or a piece of ground flat bar in the vice
I think they have pretty much replaced by dial test indicators. I had one, but the dial always seemed to get in the way. DTI's can get into very tight places.
I find a back plunger indicator especially handy for bringing a tailstock back into alignment after intentionally offsetting it for cutting a shallow taper, attach the indicator to the chuck and indicate the tailstock spindle.
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