On Jul 16, 10:11*am, Ignoramus30183 ignoramus30...@NOSPAM.
30183.invalid wrote:
...
I think that I will simply buy a dial indicator with a long stem. Kind
of a poor man's digital readout.

I don't depend on the dials on my lathe for accuracy. Take a cut,
measure the work, use the dial only to advance the bit. This works
well with HSS bits that can shave off half a thousandth.