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I put a new hub in my rear wheel the other day. I find using a dial gauge is the fastest way to true a wheel. Just keep picking off the highest and lowest spots and you can get runout down to a few thousandths of an inch.
I was going to modify my magnet gauge holder to fit on a camera clamp but I was missing the 8mm tap from the tap kit. I ended up using some copper shims to hold the rod tight.
