I have some of the ball bearing type edge finders I made before getting a starrett type. One thing I found which made them easier to use is to paint the top bearing shield black and then use tippex to make white segments. This gives a much better indication as to whether the bearing is rotating.
However I jumped ship for a Starret for two reasons. Size matters ;D at least it does for me. The size of the end of a Starret edge finder is smaller than any of the ball race versions I made. This means I can get a centre off of any small hole >6mm dianeter., And then there's the other end. Its a concave conical shape and will allow one to get a centre position from any size hole <10mm or even a centre punch mark. When I first received it I wondered what I would use it for but its since proved its worth many times over. Its only as accurate as your fingers, misalignment being determined by feeling the difference between the shaft and the conical end. I can easily get to <1thou using this. Its easy to see the runout of toolholder just by rotating the spindle half a turn after alignment, so if you want to be really picky I guess you would set the position to the average of the two aligned readings.
Best Regards
picclock