When I think of the contortions needed to use that thing, my old back hurts.
When you get the new arbor mounted you should check the zero. Make a mark on a piece of metal. Center the crosshairs on the mark. Rotate the spindle 180 deg. The crosshairs should hit the mark. If they don't, adjust the crosshairs 1/2 the distance to the mark. Rotate the spindle and check again. Adjust as before. Repeat until the hairs stay on the mark when the spindle isw rotated 180 deg.
By the way, I have no knowledge of your scope or how it is adjusted. The procedure I described works for surveying or optical tooling instruments.