Something to do with levelling maybe, not necessarily a workshop tool at all.
I guess the handle part sits in a missing base and is set roughly to height with a pin through one of the plain holes. Then the adjustable top part is finely adjusted to height by sliding up the scaled ramp and clamping. Something fits loosely at a right angle between the flanges at the top. Lens, mirror, parallel, work item, no idea what.
Not a precision tool as used on an Optical Bench, but I suppose with a laser it would do a good job levelling over a metre plus.
A couple of features don't fit with my guess:
- The tools are right and left-handed, why?
- What's the threaded hole in the handle for?
Dave