In the photo below I have the dial indicator set up on the exh. man. and against the head in a spot where it is solid and doesn't move. You have to back the throttle screw off 6 full turns to be sure the throttle plate is closed. The plunger is set on the metering rod with the plunger as straight in line with the metering rod as I can get it. Then I set the dial on "0" to start to set the rod. Then you loosen the pin nut just so it will slip, push the pin down gently on the metering rod loop bottom and then with tweezers lift the rod until the dial indicator shows .040" and lock the pin nut. Check the travel by moving the metering rod up and down between the jet and the pin and it should still be .040". If not reset it until it is. It is important that the plunger tip touch only the metering rod and not the washer on the pin.

Setting the metering rod on the bench is a little easier but you still use the same method as above while the carb is clamped to a drill press table. See photo below. The tip I used in the dial indicator has a flat face but didn't screw all the way in the plunger but it is bottomed out in the threads. You can use the rounded tip that comes with the dial indicator but you have to be very careful to get it centered on the metering rod and not touching the pin washer to get a good reading. Most people would find it easier using the Carter tool or a home made tool.
