Well, many thanks as always to all those who took the trouble to reply, it's been hugely entertaining watching this develop over the course of the last 24 hours or so.
There seem to be three schools of thought –
1- don't fix what aint broke,
2 – you're going to make it a whole worse
3 – I've been there too.
The back story is that I bought this mic' back in the late 70's, and have hardy used it since, because I've never learnt to read it reliably. I'm not sure I understand why the same is not true of almost all of the imperial mic's in my toolbox, but this one seems particularly obnoxious. To me.
I was sorting twist drills yesterday, and took to this one to see if I could get on with it, and decided the answer was no. So I might as well modify it as throw it away. Yes, I completed the job using a digital mic', but there are times when a tidy little thing like this is easier to use.
Tubal Cain's video gives me some hope that I'm not going doolally – well probably I am but it's nice to have company – so thanks for that link, and particular thanks to Mike Poole who seems to have dismantled a perfectly good identical mic' just to show me what the internal arrangement is, which was my original question. I'm still humming and hawing over whether the game's worth the candle – but I've just worked out how to get the sleeve off so that gives me the option of taking a lick off the heel of this instead of the thimble. Less likely to get grinding dust in the measuring thread.
I'm keeping schtum about whether my metaphorical angle grinder is the way to do the job. I never said I was going to plug it in!
I've been chuckling all afternoon about the debate between accuracy and legibility. My warped sense of humour finds in this a direct analogue of the inability of the newspapers to resolve the same.
Regards to all
Simon