The following is a Tip from OL
Notes on counterweight adjustment
The trick to precise positioning of the counterweight is to lightly nip the grub screw when you get close to your desired reading. Then gently twist the counterweight slightly while pushing it in the desired direction till it gives the correct reading. Once this is achieved, clamp firmly and recheck the reading. Tracking force will likely need re-setting later so don't worry about getting it too exact at this stage - within 0.3 grams of recommended tracking force is fine