if you drag a finger nail gently across the surface if you can barely feel the pattern its about 2 tenths or more, if you can not feel it , less than 2 tenths. Learned that in Forrest Addy's scraping class years ago, thought is was kind of sketchy but has proven out with test indicators.
When I got my Monarch 10ee with over 50K hours on it, I had that problem with certain diameters and speeds and feeds. Been a long time and I had forgotten about it till I read your post today. I solved the problem by using more positive rake in my HSS cutters and smaller radius on carbide inserts and increasing the depth of cut with carbide. As I recall TNMG inserts were the ones that gave me the pattern most frequently. One of the great things about variable speed is you can pretty easily dial that kind of problem out by bumping the speed up or down a bit. I don't pretend to be an expert on worn spindle bearing but I have operated a lathe with them and it gave a surface finish that looked like a poor car paint job, orange peel type of surface from the rumbling of the bearings. Mostly an appearance issue, but finally the shop owner said enough and replaced it.
If you haven't already, I would still look at underside of tool post and see if there is a chip or burr that is keeping the post from sitting perfectly flat. If it isn't that, or bearings, a belt not turning true could do it, or maybe a set screw on a driveline pulley has loosened. Might also check that all the feet of lathe are making good contact with floor, floors change without warning us that it has happened.
michael