Rank beginner question here. Making fishing rod ferrules I need to drill &ream holes to semi-precise depths on my little Sherline lathe. Semi-precise is +- 0.005 inch. I’m doing this by stop collars. Setting the collar requires holding the caliper with one hand, the drill and collar with the other and tightening the screw with the third, while peering over the top of my glasses and guessing how close I am. Then usually doing it all over again. There must be a device to do this. Would a vernier depth gauge work? Or some mod of a spare caliper to get the depth right the first time?