James, you don’t have to rely on marking out for critical dimensions. What you can do will of course depend on what gear you have, but for instance I will quite often mark a line on the job so that I can do the initial roughing out cuts without measuring, then when getting close I start measuring and take the last cut to bring the job “exactly” to size. Of course, it will not really be exact, it will be to the tolerance of my machine and measuring equipment, plus or minus my own skill, but that is usually close enough. In our amateur work, parts that really need to be exact are usually made to suit each other, for example we might take very light cuts off a piston untl it is a nice sliding fit in a cylinder. (This does require good sharp tools, and it is often better to plan for the last cut to be a reasonble size one that gets you to exactly where you want…but that comes with practice.)
For holes like David mentioned above for gears, it is quite critical to get the shaft the right distance apart to get a good mesh. For this we do not usually rely on marking out. One technique is coordinate milling where we set up and drill (preferably bore) one hole, then use the Xand Y graduations on the milling machine to move the job the exact amount for the other hole. There is much more that could be said about this of course, obviously a milling machine is needed.
Another appoach uses buttons, which are small disks of accurately known size with a hole in them. Holes are drilled and tapped in the job, and used to attach the buttons, which can then be moved around by a small amount (the holes in the buttons have clearance on the screws.) Once the two buttons are the exact required distance apart, the job can be mounted in a four jaw chuck and trued to the first button. The button is removed and that hole is then bored. Then the job is reset so that the second button is true, and the boring process repeated. With typical amateur measuring equipment and gear, this should let you get holes placed to within about 0.02 of a mm or so. (Yes you experts, I know you can do better…) You can also use buttons with a milling machine, using a dial gauge on the spindle for the setting up. Buttons are easily made from ground stock, they don’t have to be hardened for ordinary work.
regards
John