Man, threads like this always make me wonder why people use that piece of garbage when working up a load. It's SO much more accurate to just do this with an actual cartridge than use that stupid gauge. I played around with that thing when I first got into reloading and there is just so much room for error in that thing it is totally worthless in my opinion.
1: Remove firing pin and ejector from your bolt so your bolt will drop with zero effort...just gravity.
2. Figure out headspace: Take a fired piece of brass, put it in your press and adjust the die so it just BARELY pushes in the shoulders. See if this case allows the bolt handle to drop (it won't), adjust die a tiny bit to push shoulders in a bit further, size the case, put in chamber....lather, rinse, repeat until bolt drops with no resistance. You now know EXACTLY what your headspace is in your chamber and you have your die adjusted perfectly for your rifle.
3. Figure out your CBTO. Do the same as above, just with your seating die. Put the bullet in and seat it just a bit, see if you can drop the handle (you won't), adjust die to push bullet in a bit further, lather, rinse, repeat until the bolt drops. Measure CBTO. You now know your EXACT distance to the lands. Adjust your the die to push the bullet in to whatever distance off the lands you want, you are done.
4. Reassemble bolt. You are now done.