Howard The grub screw provides an adjustable stop for the gear quadrant that meshes with the pinion on the shaft carrying the pointer.
Conclusion: There is no provision for zeroing the pointer with the dial.
I opened the movement after removing the bezel using a sharp blade. It needed a clean and I reset the pointer to rest at +20 and it now goes round to -25 without difficulty. More than enough range for me to check the deflection of crankshaft webs, which indicates a shaft running out of true.
Problem solved!
Dennis