Richard,
Interesting device, but...
To avoid errors, I would have thought you need to eyeball the centre dot 
directly, from above, otherwise the axis of eyeball and dot is at an angle and 
will only be coincident with the spindle axis at one point along that axis.
I use a "proper" centering scope which has a similar angled line of sight at 
the entry (angled viewfinder) but uses a prism to turn the light to a vertical 
axis inside the scope, as do all these devices. So I can't see how the device 
in the drawing you have can give accurate results, except in one position 
(where the dot on the workpiece will appear elliptical in relation to the dot 
on the lens).

Regards,

Marcus

On 17 Oct 2012, at 21:45, kqt4a...@gmail.com wrote:

For those with equipment precise enough to make this, what might you 
charge for one with a 1/4" shank
http://email.villagepress.com/pub/MW/20121016/20121016.html

Richard

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