Series 2 layshaft

Can anyone tell me how to interpret the measurements on this dial gauge....
I'm trying to work out if I've got another wonky rear hub or a bent shaft...so I've run the engine with the gauge at various points on the shaft - at the very end, in the middle of the thread and at the end of the thread in the space before the start of the spigots.
I've found vibration from the engine affects the reading so I've turned it over gently by hand and the reading moves about 5 on the outer dial. How much 'movement' is that? am I right in thinking each digit on the outer dial is .0005" (five thou)?
Is that acceptable..?
thanks
Martin
I'm trying to work out if I've got another wonky rear hub or a bent shaft...so I've run the engine with the gauge at various points on the shaft - at the very end, in the middle of the thread and at the end of the thread in the space before the start of the spigots.
I've found vibration from the engine affects the reading so I've turned it over gently by hand and the reading moves about 5 on the outer dial. How much 'movement' is that? am I right in thinking each digit on the outer dial is .0005" (five thou)?
Is that acceptable..?
thanks
Martin