I was using some dial indicators this afternoon to look at the runout of my press. I say "look at" cause I'm not sure the exact method for doing so. I ended up testing the press with a drill bit and looking at the shank just below the chuck and above the cutting edges. I was getting a reading of 0.0005". It would appear to be better to use pin gauge instead so I would not be reading any variance in the bit . Can anyone suggest what other methods they use or even what kind of tolerances are acceptable. The square n pin gauge method seems best for my situation but I have not got my hands on the square yet.