HI: scleaf How are you mounting that indicator in the mill? and what are you tramming on the table that is 24"? are you checking the Gib movement?
The digital indicator's I have used had only an accuracy of 0.001 and repeat of 0.0005. Try using an indicator with a needle and graduated in 0.0005 graduations, a Starrett last word works well and you can see the needle movements easily. The indicator holder shown a post back by Jeff in PA is very good it shows the movement of the spindle.
The indicating of the table is fixed. Unless you sweep the table surface for squareness or if you are paralleling the back jaw of a table mounted vice.
I hope I was clear on my questions and partial answers.
dwdw47
I am mounting the indicator in the spindle (picture has a bolt, but the actual tool has a shaft) and sweeping the table the distance of travel. Since I am new to this I found it to work well and though the digital indicator may not be an expensive one it seems to work ok for my learning projects. I got the idea after watching this video http://www.youtube.com/watch?v=JfANyiS8Hs4