Hal
You've taken exactly the same approach as I did except that you used glass.
I like your final solution better than mine because you can see the entire cutter head, the wedge locks and all five of the screw heads (per cutter head) that must be adjusted.
Earlier this week, I did this procedure but was not completely satisfied with the results so I decided to do it again.
This time, I used a piece of clear plexiglass (rather than glass), a pair of rare earth magnets (as you did) and a heavy magnet that I had in the shop to hold the plexiglass on the out feed table. I thought this worked well because I could move the whole setup around if I wanted.
I am still left with some questions regarding my procedures. I started by very carefully adjusting the outfeed table to the same height as the infeed table. I then began installing the blades and wedge locks. I expected the magnets to pull the blades up against the underside of the glass but they did not do so until I began adjusting them upward with the leveling screws. When that happened, I was then uncertain whether or not the leveling screws were high enough and I found out that they were not when I tightened the three wedge lock screws. The blade moved. I could see the gap below the plexiglass.
During the repeat procedure, after the cutter blades were against the glass, I carefully adjusted the leveling screws until they felt firm. Then I carefully snugged the wedge lock screws (center one first, then the outsides) then I went back and tested the leveling screws. No adjustment required. I then firmly secured the wedge lock screws and proceded.
The other blades were installed using the modified procedure. All went well.
If you don't knick your cutter blades during this procedure, the whole thing can be done in 30-45 minutes.
All of this having been done as described, I tested the cutter blades with a piece of wood as described in another part of this thread. Much to my surprise, the block moved about a 1/16". Same results for all three blades. Obviously, the blades were just a bit above the surface level of the outfeed table. No wax paper required.
This may have just been luck but it may also have been the result of the way I snugged the leveling screws up against the bottom of the blades (very carefully and very slowly).
If these blades last as long as the set they are replacing, we'll never know. I'll leave instructions for my grandson to post the results when he does this.
I was about to purchase a dial gauge, for this and table saw adjustments, but now

I am not certain I can justify that.
Feedback Please.
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Making Sawdust Safely