I do have detailed instructions for setting up a press but not how to set the reg, most people not willing to attempt it. Glad to send them to anyone who wants them.
Its not hard and Jason and EB do it the way I do.
Get the M&R devise, its a nice rig and will easily fit your press.
The round contact shaft ensures it will contact the bearing in the same place each time. Just make sure when you set it up it doesn't hit anything when going table up. I try and set it up the hit the center of the bearing.
Invest in a good digital indicator, just easier to read. Its a one time purchase that your business is riding on, never cheap out on tools. Keep in mind the numbers your looking for is a hair split at least 7 times.
When doing it Don't lean on the pallets, pallet arms, press, etc it can affect the reading.
Don't mess with the adjustment on arm one, I usually mark it with painters tape "Do Not Touch" as a reminder or cover the adjusting screws with tape.
If a adjustment needs to be made unless its a large distance do not loosen the mounting bolts, you can usually get what you need by playing with the two side adjusting screws. Like microing that half a stroke line on a screen without unlocking the scree locks.
It may take several rounds to dial it in, just need to be patient.
I like to have a level press before starting. If you have to float a fork IMO it just makes it easier.
In some extreme cases you may have to set the reg to one fork (closest to the devise). Then float the other two and go back and reset the reg. Usually if someone tries to get a hard lift out of a press not knowing what they are doing they go for the forks and just screw everything up.
To check the center bearing at the load station pull up and push down on a pallet, look and listen for a clunk or movement in the center. Or table up and again at the load station do the same, actually better to go this route because the caracole will teeter on the two lift cylinders. Or put a screen in opposite the load station and print with a lot of pressure, you will see or feel the pallet at the load station go up and down. I like to dry cycle the press for a bit before hand, if there is fresh grease in there it can hide the movement.