On the sterlings it DOES set the pinion depth... Focused so much on the bearings I forgot about mentioning that earlier...
They sell this special bearing that slides on and off so you can take it apart easily to install the shims behind the pinion. The shims set the pinion depth. Here's a link to the special bearing you can buy that has the id opened up a little bit.
http://eastcoastgearsupply.com/i-127246-ford-10-25-pinion-bearing-set-up-kit.html