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Calipers measuring between the pivot pin and back of spring works just fine. And calipers have many uses unlike a dial indicator for the average joe.
I don't use one of these...probably because I don't understand where the time savings is,
So the dial indicator gives you a visual readout, you still have to take the parts over to the grinder and remove material, reassemble them into the jig, recheck with the dial etc. etc. and do this repeatedly until the 3 positions are where you want them.
so except for an easy numerical verification, all the grinding and fitting work is the same as I see it.
what am I missing?