I would consider anything under 0.015" to be in the range of "normal" relief. Personally, I prefer mine no more than 0.010". An eight of an inch is 0.125". One sixteenth is 0.0625". Both of those are extraordinarily high. I would not trust a random piece of wood as a straight-edge. It is not the right tool for the job and shouldn't be trusted to yield accurate results. If you do not have a proper metal straight-edge, you can use the installed strings as a substitute if you capo on the 1st fret and press down with you finger on top of the 12th or somewhere near the neck to body joint and use a feeler gauge to get an idea of what is going on, measuring at the widest point between the string and fret, noting where that is. If you bought this bass two years ago, there is little recourse other than trying to make some adjustments or taking it to be serviced by someone who can. Chances are your instrument needed a setup when you purchased it and even more now.