IanT – that looks an interesting design, but I think it's overkill for tramming.
Here's what I made

It's a 16mm bar with a 10mm hole cross drilled in and a set screw in the bottom. The indicator on the end is a micron indicator I won from ebay a while back, but it's easy enough to mount any indicator on it.
The trick with tramming is that the operation is entirely symmetrical, so whist there may be droop due to poor rigidity, it will be the same on both sides.
I used this today to re-tram my mill which had gone well out of tram (by 2mm over 330!) probably because I hadn't properly tightened the head last time and some dig-ins due to an odd material. I appear to have improved that to 7 microns over the same distance which is better than I expected. the majority of that was due to tightening up the head bolts!
Iain