I've found that using the cutting bits as supplied tends to be a frustrating experience. The tool bit depths are all over the place.
Tool bit depth is set by the distance between the top of the plastic ring to the tip of the tool on the other side of the ring. In other words, when the tool is oriented in its normal working position, the distance to the tip from the spindle is set by the top surface of the ring. The spindle is in contact with the top of the ring.
Before I realized how variable the ring position is on the tool as-supplied, I was constantly adjusting the depth limiter on the mill.
I've since had plastic block milled with holes the tools sit in. These holes are at different depths, and extend through to the far surface of the block. Cutters and end mills sit in one hole, drills and routers in the other. I first make sure the tool bits do not extend through the far surface. Then using a piece of scrap circuit board, ohmmeter, and drill press vice, I slowly push the tool through the block (and ring) until the tool just touches the circuit board as indicated by the meter. This very accurately positions the ring on the tool. I'm only really careful with the cutters and end mills, but once the rings are correctly positioned, adjustment to the working depth limiter in the mill are greatly reduced, and are sometimes not needed.
Once I have the working depth limiter set for the cutters, everything else just ends up where the block/vice/meter positions the rings