> Part of the issue is, as I understand it, one can adjust the yellow box on the fly.
You pretty much have to be able to do this, in order to make it accurate. Tire size, tire wear, and gearing will all affect the speedo reading (assuming you have an RPM + gear driven speedo.. mine reads the front wheel so gearing changes don't matter).
The easiest way to calibrate one of these is with a "measured mile", a lap timer, and a calculator. If you're doing it on new tires, leave it about 1% high. Highway 416 just north of Brockville has really well marked "mile markers". You want to make sure that you're using a road length of at least 10km for good accuracy.. And ride a STEADY pace (say, shoot for exactly 110 kph indicated), trying not to change lanes. So early in the morning is best.
BTW, $60 is a good deal, I wouldn't think twice about trying to build one if it could save me anything less than $150.
Wes