Go for the 21st Century.
I have the Sinclair gauge and While I believe it works for the intended purpose of checking concentricity I have modified mine to check base to Ogive measurements.
The problem is the gauge appears to jump, I was measuring some Bergers recently and had three different groups separated by 1 thou, .46. .47 and .48 when all of a sudden I had a .51 followed by another and then a .50. I then checked the bullets measured at .47 and they now measured.50. A bit fiddling about and setting the dial back to zero I then managed to get it to measure the .47 bullets back at .47.
I have since been on the Sinclair website and looked at their bullet sorting tool which would appear to use the same digital dial indicator as their concentricity gauge , and while reading the reviews for the bullet sorting tool someone else had exactly the same problem as I encountered.
This isn't a bash at Sinclair, I have used many of their products over the years without problem, but when you're measuring something as precise as runout or bullet measurements then I believe quality measuring equipment is a absolute must.
Could you please post pix of the mod you did and how you measure base to ogive?
I agree that the plunger type indicator is not the best tool for measuring concentricity. I have an idea to adapt the Sinclair to use a test indicator. I just need to get around to buying the clamp.