Sounds like you have a burr from facing on your stock; thus preventing the stock from retracting into the bushing. Are you putting a .002-.010" chamfer or radius on the bar when you face? If not, add that. Be sure to ramp in
Try something like;
G0 [STOCK +.05] Z.03
G1 [stock+.004] F.005
G42 [stock-.0005] Z.01 F.0005
G3 U-.020 Z0 R.01
X-.02 F.002
The bushing would have to be REALLY tight for it overpower the main collet on its own. Or your main collet is set very loose. The stock would be scratched/galled to hell if your bushing was that tight.. If your stock is not severly scratched with 3 evenly spaced perfectly straight lines then the bushing tension is probably not your issue. It sounds more like a burr preventing retract to me.
CNC Product Manager / Training Consultant