If you start using this as a point to measure off of in your handloads, use a stoney point tool/gauge. RCBS makes "mic's" for a variety of calibers but the stoney point tool is far better for a variety of reasons. These types of tools are not only used for measuring off of a bullet's ogive but also the case shoulder.
To not get technical, the ogive is used to enable a handloader to determine how close the bullet is loaded to the rifling (lands?). Generally, a bullet closer to the rifling will shoot better. I back the bullet off from .010 to .005 if I am remebering correctly. Read instructions that are provided and reloading manuals for their recommendations. The nosler manual even recommends a way of doing this without having a tool. It works, but I prefer my stoney point. Some people even load their bullets where they touch the rifling.
I have also found you get more consistent measurements of a bullet's length when you use the ogive measurement rather than the case's overall length.