Thanks for all the replies everyone.
Franz, I guess it could be used for mounting it to something other than a tripod. Thanks for the idea.
Karmakanic, yes it will thread right into the bottom of the transit, and I did know about the plumb bob. Luckily this new transit has an optical plummet so hopefully I won't need to use a plumb bob anymore.
John Miller III, no they did not pack two of them in the same box. I was just saying that this adapter was not packed in the nice hardshell case that the enclosed transit was in. It was in a ziplock bag mixed in with the peanuts. The unit that I first bought was a CST/Berger SAL 32X. When I bought my home on six acres last year the surveyor wanted an additional 800 dollars to put intermediate stakes inbetween the corner stakes (about every 50 feet). So I decided to buy something that would allow me to do it myself. The SAL 32 worked fine where I could see all the way from one corner to the other. My lot has 10 corners and is almost completely wooded. There were a couple of times when I wanted to use the degree markings on the SAL 32 when I could not see one corner from the other. I had the surveyor plot my survey on AutoCad so I knew every angle and measurement. There were a couple of corners that seemed to be off by up to one full degree. When I was laying out my pole barn last week I investigated further. When I would try to turn a 90 degree angle going from the 270 degree mark to the 0/360 degree mark I found that it was off a full degree. When I went from 0 to 90 it was off only slightly. The guys at Berger were great and told me that the SAL and PAL series are really only for doing level work and they wished that the degree markings were not even on the unit. The SAL unit I had was only accurate up to 1 degree. The SCT1 enclosed transit they fixed me up with is accurate up to 1 minute which is 1/60th of a degree. So I was really using the wrong tool for the job but still the SAL32 should have been more accurate than it was.
Wroughtn_Harv, this adapter and my tripod are both 5/8-11 so I only have the one size.