Don,
I just went through this process this summer. With a lot of helpful instruction from Trad Gang members I managed to get my arrows tuned. I think you will need your bare shafts to hit the target a little weak. In other words, they should hit a little high and right of where your fletched shafts are hitting. You will probably have to shoot a lot of fletched arrows along with the bare shafts to get a feel for groups. Once you fletch the arrows it will increase the spine and bring your 150 grain points into your 125 grain fletched group. Hopefully some of the arrow tuning experts with chime in here.