Gasket alternative grooving tool

[Toolmaker51]

Interesting that you use that phrase. That is the excuse I say to myself and a few machinist friends as to why I don't buy a DRO for my mill, but I substitute dials for Bridgeport.

Sorry no pix, my trick predates digital convenience by decades. Reinforced my admiration for absolute over incremental positioning. Best of all, it's cheap and cheerful, and great for multiple parts or re-use. Part of this will be familiar.
By maintaining backlash, I've never found significant loss or gain in .200 per revolution dials typical of Bridgeport patterned machines. I'd run a strip of masking tape along lower edge of either axis, with a shorter piece below, at selected datum position. Mark that with a fine point inkpen, along with some indication of that coordinate; 0.000 for example. Move to next position from Zero counting .200's; (.200-.400-.600 etc) to next coordinate, ie 2.625. (will be 13 turns and .025). Mark that as you did origin. Continue across layout, and no reason this couldn't be first part. Go to lunch, come back after a weekend, it works fine to pick up where left off.
The benefit is like a one line vernier, differentiating between say, 2.625 and 2.525, as the marked increments can only show on 'their' side of the dial, odd or even. Here in Los Angeles, it was easy to find machinists scales that were seconds. There was temptation to drill and countersink a 36", alas not easy as a strip of tape.