Hello Binny,
When you start again from scratch it is best to start on a tripod with the R1 set to zero tilt, find the NPP of the lens yourself with the help of the tutorials of John Houghton (
http://www.johnhpanos.com/tuts.htm) and do some practice with PGui (
http://www.ptgui.com/examples/).
Shoot 4 images around, this will give enough overlap between the images for a good stitch.
The result will be a pano that covers a full sphere and a footprint that shows most of your tripod, quickmount and the top of the R1.
When you master the shoot on a tripod and you know how to master PTGui then you place the R1 on your monopod.
Btw, skip the quickmount unless you use a Fanotec mini quickmount or another small sized quickmount with a diameter that is the same as the R1.
I do own a quick mount from Fanotec and it work great .
Start shooting without changing the NPP setting you found on the tripod, skip for now any advanced optimizing with VP correction and practice on the monopod until you are getting decent results.
When shooting on a monopod you have to accept that you will wobble the monopod a bit, as rule of thumb you can get a decent stitch as long as the NPP off set (caused by the wobble) is not more then 1cm for every meter distance to close by objects so try to keep your monopod as steady leveled as possible and keep a distance of at least 1 meter to close by objects.
This is a mistake that I made. shooting ina dark room or hallway to test the sitching.
When you master the monopod you can move the lens a bit forward out of NPP, start with a small off set of just 0.5 cm to see the difference in the results and if all goes well you can move the lens a bit more forward.
I think you have to limit the forward lens shift to 1 or 1.2 cm cm to avoid to much parallax resulting in unacceptable stitching errors.
The footprint of the R1 will be visible but can be covered with a logo, mirrorball or hidden by limiting the view of nadir in the panorama player.
Btw, although PTGui's VP correction is meant for optimizing flat surfaces, like the ground in a nadir patch, and not for optimizing roundshots the use of it can often help a bit to get a better result. The workflow for VP correction is different and needs some practice.
You can read about VP correction in the tutorials.
When you want to set the R1 to a little down tilt to get a sharper image in nadir then the NPP of the lens will change so then you will have to find the NPP again.
Success,
Wim