I always set cold for the reasons you mention.
At work I regularly do valve adjustments on 16 cylinder two stroke industrial engines, it would be impossible to have all of them evenly warm as it often takes several hours. Many engines do not have hot settings due to this.
I was not telling the original poster he was wrong, simply providing an alternative method that I think is better.
As far as precision, professional methods yield professional results.
At work I regularly do valve adjustments on 16 cylinder two stroke industrial engines, it would be impossible to have all of them evenly warm as it often takes several hours. Many engines do not have hot settings due to this.
I was not telling the original poster he was wrong, simply providing an alternative method that I think is better.
As far as precision, professional methods yield professional results.