If you need to make the magnet weaker but a washer or plate on it. the magnetism comes through but not as strongly.
Only problem I’ve had with them is they’re brittle ( as my sons 5 & 9 have proved ) so they don’t bounce!
In Chris’s “giving thread” I put how I use one with a handle in a plastic container to remove swarf etc.
Axminster list rare earth magnets but these are damn powerful !
Wolfie
at a push you can use a block of wood with a hole cut to a “close fit” on the lower stem and then put a wood dowel / stick in theside of the block and get it where you want it.. eg grip in the tool post holder and spin the chuck carefully by hand having put the foot in contact with the workpiece.
The only important thing IMHO is that the thing does not move whilst you turn the chuck as it’s a comparison device not an absolute measuring device. You compare readings to centralise.
Complicated to describe but easy to make!