Does this look right - dialing in scattershield

[scherp69]

I know I had another thread started, but wasn't sure if anyone would look at it so I started another one. Just wanted to make sure this looks right. Unfortunately I my scattershield didn't have all the nuts with it so I have to wait until the morning to get them and tighten everything down. I got the dial indicator and base mounted and it looks to me like it will do the job. Hopefully I have it right. From this point what I understand is I need to zero the indicator, turn the engine to the 4 marks (every 90 degress) and get the readings. My dial indicator reads in 0.001 so what would be my acceptable readings?? Any advice would be great. For those that are also in this situation, once I have it all figured out, I will post a thread on how to do it with lots of pics. Thanks in advance.