OK so I measured the OD of the stock and it came out at .995''
First pass was set to cut .900'', that measured .899'' to .900''
Second pass set to cut .800'', that measured .800'' to .8005''
Third pass set to cut .700'', that measured .698'' to .701''
Fourth pass set to cut .600'', that measured .600'' to .6005''
Fifth pass set to cut .500'', that measured .4995'' to .500''
All cuts based on the original diameter of .995'', so later cuts had lots of fresh air passes.
So it seems to be working. But I have not changed any settings.
I took shallower cuts of .005'' at a time, before I had been taking .010'' and gone from .995'' to .500'' in one cycle. Could that have been too much?