I have managed to orient the PZT in the mount such that its axes are approximately aligned with the vertical and the horizontal. 

In the process, I discovered that the 4 screws on the back face of the PZT correspond to the location of the piezoelectric stacks beneath the tip-tilt platform. The PZT can therefore be oriented during the mounting process itself, before the mirror is glued onto the tip-tilt platform.

In order to verify that the pitch and yaw motion of the mirror have indeed been roughly decoupled, I centred the spot on the QPD, fed to the 'pitch' input of the PZT driver board (connected to channel 1 of the PZT) a 10 Vpp, 1 Hz sine wave from the SR function generator (having turned all the other relevant electronics, HV power supply etc ON. The oscilloscope trace of the output observed on the QPD is shown. The residual fluctuation in the Y-coordinate (blue trace) is I believe due to the tilt in the QPD, and also due to the fact that the PZT isnt perfectly oriented in the mount.

It looks like moving the tip-tilt through its full range of motion takes us outside the linear regime of the QPD calibration. I may have to rethink the calibration setup to keep the spot on the QPD in the linear range if the full range is to be calibrated, possibly decrease the distance between the mirror and the QPD. Also, in the current orientation, CH1 on the PZT controls YAW motion, while CH2 controls pitch.

Oscilloscope Trace:

Yellow: X-coordinate

Blue: Y-coordinate