Haven't considered sending it anywhere to have it calibrated because they would probably come to the same conclusion that I have.
The scale is an analog scale used for checking the weight of luggage. Sometime this evening I'll use some 25lb and 35lb gym weights to determine if the scale is accurate. The video link below demonstrates the method I used to test the torque wrench (fast-forward to 3:15). I measured out from the center of the anvil out 17", set the wrench at 54 lbs and mounted it on a socket that was locked in on the vise, then pulled until it clicked. The scale registered 40lbs so I multiplied it times the distance from the anvil (17"), then divided that number (680) by 12. The final number was 56.6 lbs. I used the same method to test my HF 3/8" torque wrench set at 25lbs and initial, the scales were reading about 27lbs. Since I could remove the cap screw and adjust the wrench, it's about as accurate as a $15 torque wrench is going to get.
Assuming the scales are accurate, the Craftsman torque wrench is within 5% of the reading so if that within a normal, acceptable range, then I'm good to go.
On a side note, the next tool purchase will be a 1/4" torque wrench. At the moment, I'm thinking of a digital wrench offered by Summit for about $100 which is about max for what I want to spend. If anyone has any suggestions, I'm all ears.
https://www.summitracing.com/parts/bkm-15-2148