You look to be using an Aro. In the Aro manual it has a conversion from the scale on the ortofon gauge reading to the actual VTF but it assumes that a Linn mat has been removed from the platter to make the measurement. On a deck without a removable mat the reading on the scale will be higher than the VTF for any reading taken above record surface height as the centre of gravity of an Aro is below the height of the pivot, and with a VTF set, forward of it, therefore raising the front of the arm will move it further from the pivot. When I set up a 17D3 on my Aro the reading on my digital balance for the setting that sounded best was 2.24g, the same cartridge when I used it on a Rega arm sounded its best at 1.95g. My deck at the time didn't have a removable mat.
Use your ears to find the best setting of the counterweight, use the balance to keep track of where you are but don’t expect the readings to be accurate, though we can hope they will have some precision. They will likely be alarmingly high.