As was noted, it is not using a cutoff blade but a facing operation.
If tool is picking up material then that will do it. A more aggressive final cut often is better.
Measure twice, cut once.
How far apart are the concentric circles? Always the same place?
Could it be that you are seeing the variability of steps in the stepper motor? Is it direct drive? Belts are springy things.
Does using cutting oil - the stuff for doing threading... If this helps it is pickup on the tool.
Examine the tool with a powerful magnifying glass. Any flats rubbed on the front face will not help.
If the top of thee tool is highly polished it will help stopping sticking.
Is the tool height correct?
Is it crappy material?
Hmmm. lots of things to consider...
Super X3. 3600rpm. Sheridan 6"x24" Lathe + more. Three ways to fix things: The right way, the other way, and maybe your way, which is possibly a faster wrong way.