>I am using Avery Laser Labels 1/2" x 1 3/4" (80 per sheet) which matches a selection of formats (5267) when starting a new label file.
>Th default settings do not seem to align properly. Each entry drops a small amount so by the end of a page the alignment is off. I've tried adjusting the header and footer heights but the increments are too small for the mouse dragging adjustments of the label designer.
>Does anyone know a precise way of formatting a page of labels?

You can move items on reports/labels/forms a pixel at a time by clicking on them and using the arrow keys.