FWIW - I *used* to do tool length setting this way, but I don't any more. I find it MUCH quicker and easier to simply measure the tools using a height gauge. I will use touch-offs when doing a one-off job, and not use the tool table at all, but when doing "production", where I will be re-using the table, measuring off-line is much faster, because it doesn't require mounting all the tools just to measure them.
Regards,
Ray L.