I've used that method except that sometimes there is too much play in the bolt when it is pulled from the receiver. I've got a few rifles with a lot of bolt wobble and others where it is really tight with very little play.
If there is a lot of play with the bolt, I resort to another method of measuring the height.
I've thought about another technique to get a more exact measurement but haven't tried it.
You would need a piece of plain white paper with a dot or X in the center. In addition, you would need to use some sort of laser device that is typically used to obtain a rough bore sight of a rifle prior to going to the range. It can be either the cartridge shaped laser or the muzzle mounted device.
For this method, I would start by adjusting the windage and elevation knobs so that they are centered.
Then I would secure the rifle in something that will hold it and with absolutely no movement. The rifle would be pointed at a wall that is only a few feet away.
On the wall, I would place the piece of plain white paper with a small dot or X on it. Adjust what ever device is holding the rifle so that the dot or X on the paper is in the cross-hairs of the scope.
The parallax adjustment would have to be dialed down to the shortest range and the scope set on a low power setting to get the cross -hairs on the dot or X.
The next step would be to insert the laser and turn it on.
Ensure that the cross-hairs are centered on the dot or X while the laser is emitting a red dot on the paper.
The final step would be to measure the distance between the dot or X on the paper and the laser's red dot. That should give you the exact height of the scope above the bore of the rifle.
The divergence caused by the 20, 25 or 30 MOA bases should be so minuscule that it should not cause any big problems with error.
So what does everyone think? Could there be any problems with my theory on the laser technique of measurement?
I haven't tried it myself but will as soon as I can find a place on my crowded wall to hang a piece of paper.