The locking rail is not a "focusing mechanism". It's a storage mechanism.
ALL focusing is done with the knobs.
The front standard should be pulled out to the infinity stop and locked in place. There is no other correct position for it. The infinity stops fold down so you can install more than one, to accommodate multiple lenses. (Apparently some don't fold down, although I haven't seen such.)
In this position the infinity focus of the rangefinder should agree exactly with the focused image on the ground glass.
I set these up so the infinity focus has the mechanism slightly forward. Your .04 inches (= 1 mm) is about the value I use.
I set the rangefinders using a military LM-63A 48" collimator which is designed expressly for this purpose. It was built by Kalart specifically to set their side-mounted rangefinder, but it works equally well for the Graflex-manufactured top-mounted unit. It has calibrated targets at 4 feet, 10 feet, and infinity, as required to set up the Kalart unit.
- Leigh
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