Why?
If you look at ANY enlarger, the head hangs over the baseboard by one or two vertical or leaning posts. There's variability in this leaning forward. Also, as the mechanism to slide up and down has some slack, it moves side-to-side as well. It works because we have DOF working for us between head and baseboard. Little bit of "wobble" really doesn't matter that much.
On the other hand, between lens and negative, we don't have as much DOF. Fortunately, the way my enlarger is made, there is very little slack, wobble, slop, etc.
To me, it makes no sense trying to achieve this precise adjustment with not much of forgiveness factor using a reference far away and not as stable. How do I know, as I make adjustments, it didn't slide in one or more ways? In fact, in my previous attempt, this was a problem.
What level of accuracy? Accurate enough for 16x20 enlargement.