Hi Graham ,
Why not revert to some pre electronic age technology :
A long endwise settable ruler on the milling slide calibrated in the usual way with mm 10mm 100 mm etc and a pointer on something fixed (or the inverse arrangement) gives you the bulk movements and the unaltered index dial gives you the fine resolution .
The ruler itself does not have to be that pedantically accurate and for many purposes a bought steel rule or tape would do . For a super job scribe your own ruler on the machine itself – which would then be an exact match for the feed screw .
If you make your own ruler it can have conventional increments from one end or be centre zero +/- or it could have some imaginative scale such as 3mm groupings with one in three lines extended but the actual numerical scale in 1 10 100 as normal .
Some versions of Emco and other machines come with rulers as you know but they are made very awkward to use by being fixed . Making them adjustable makes a major difference to ease of use . You can also have different rulers for different purposes .
MW