My Tasco scope has the same peep hole on it to but mine is a 12 to 36 X 50, I use it mainly set at about 22x,
On the vertical shaft there is a big wheel that to tighten to lock the shaft height "BUT" I only tighten it up a little because the Collar just above it slips down and hold the shaft in place so you do not have to tighten the big wheel but it stays tight enough to stop it sliding left and right but still allows you to pan it easily, which works like a fluid head tripod which is cool.
when it comes to using the micro tilt I set it to the middle point and then adjust the Shoe to its centre position and then tighten it up and then just use the micro tilt which I think it will pivot about a total of 60* degrees or more, This system is about the best there is for getting your scope on target, It pans left and right and it tilts up and down,
When set up right there is "NO" whip in this Tripod so it has Virtually Zero vibration issues unlike the 4/500 Dollar Manfrotto 055 that I own even when its legs are closed it Can not match this little tripod. And another Great feature is that you can tighten all the nuts and bolts and it always feels like new,,
I own some really great optics but this little Tripod is my Favourite piece of kit, It just does what it is meant to do, So I am going to buy 2 more, One for the ConX, "No need to say what Colour I will paint that One" and the other one for my Leupold GR, and to be honest if I had not been on a spending spree this past month I most likely would have bought another half dozen, Lol.
Hope this helps,
John.