For touching off Z, I keep a 1/4" dowel pin next to the machine. Put the end of the cutter (not spinning, of course) about 0.2" above the work, lay the pin on the work and gently push it under the cutter. Now slowly raise the cutter. The pin will slide under as you get close to 0.250" and slip right through when you are exactly there. On a CNC or with a DRO you can set the display to 0.250" at this point. On a manual machine crank in 0.250 on the knee to get to the surface of the part.
Don't try to bring the cutter down onto the dowel, you'll damage the flutes. Always go up.
After doing it a couple of times you'll find this to be very fast and very accurate.