You still use the indicator, that just bridges the vise or whatever is on the table so you can check it after you have whatever mounted on the table. I always sweep the head in on the table before I mount the vise or fixture. I wouldn't spend much money on such a thing, myself.
We have one at the school and the students always seem to head to it first. Ours does not fit over the vise. Can't remember how much I paid for it as it has been 5 or 6 years ago that I purchased. I do remember that they offered an educational discount for the school.
I normally use a die that I got many years ago from a Wiedemann punch press.
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