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Depends how much money you want to spend. Harbor freight is probably the cheapest for a new one. Check your local pawn shop as out of work machinists pawn those type of tools. Check fleabay as well.
Yes that should work fine. That is very similar to what I have and have been using for years. I don't have all the pointers but that should not matter.
I am sure glad I checked the forum just before ordering. I will be calling ya in a little bit Richard to order the dail indicator. Thanks for the heads up.