Hi there Paul,
You can do that without even using the def sym. You just need to define a variable with the value you want like and them use the label command:
let label = (any equation you want)
label 1 1 -1 0 0.2 "`label`"
It is importante to use `` to let ferret know that you want the value of your _expression_ and them ""... I don't know exactly why but I think it's just so ferret know that want to plot what is in between them.
Let me know if that doesn't solve your problem.
Best regards,
Andre Rodrigues