I don't have Jason's experience but yesterday I took a stab at adjusting my Z gib.
I first tried using a dti mounted on the top of the head to the column about 3" up. Using some wooden blocks and a leaver lifted the head via the quill. This resulted in about 10-20thou DTI reading and a sloping noise as the oil was forced in and out of the dovetail. Definitely proved I had a loose dovetail.
I tightened the gib about 4-6 turns before the noise stopped. I then tried raising and lowering the head. I found it got tight about 3" from the top of the column. When lowering the head from the top I could feel I was driving the head down. Then it went through a short distance of sticking/jumping and finally ran free. I used a very fine diamond hone on the column to smooth out the machining roughness to match how it had worn lower down. This improved it a little, but not much.
I then tried a second approach. I mounted the DTI under the head and measured the change in height when the head/gib was locked. I knew from past experience the head moved up a lot when locked, but after the above adjustment, I only saw 0.5thou movement. I loosened the gib till I was getting about 1 – 1.5thou over the normal working heights. After this, I found I could raise and lower the head all the way to the top without tightness or any juddering.