I would need to stand up and pull a manual of the shelf to be sure, (I am sitting doen drinking a latte
) but I think in G76 your R value is the radial difference between the small diameter and the large diameter on a tapered thread, and the X on the G76 line is the small diameter; in your case X0.12 which gives R0.1275.
Maybe I should stand up and get the manual; this disagrees totally with your code.
Mind my experience is on Haas, which machine are you programming for?
EDIT: Too lazy to get up, look in your own manual
An open mind is a virtue...so long as all the common sense has not leaked out.