Jim -
I don't think a compass rose is good enough for a good calibration. When was it painted for example....if it was a long time ago it's off by now. Another consideration is it will be hard to get the airplane perfectly lined up to the compass rose headings.
A suggestion - go to your local hiking store and buy a hiking compass, the kind with the plat piece of plexiglas mounted to the bottom of the compass. These are very accurate and with care can be read to less than a degree - if you're really careful you can read it spot on. Next, if your wing is mounted exactly perpendicular to the fuselage, put the edge of a piece of tape along the centerline of a row of wing rivets on the wing no where near anything ferrous. Use the compass to swing the airplane and you're good to go. This is the method I used and all of my headings agree with the compass within a couple of degrees. Dynon has said this is a good calibration. Oh yeah, make sure you are away from a large hangar, etc. so as not to influence the calibration.