Set the cross slide gibs tighter than usual, just to see if it eliminates the problem. See if you have any end play on the spindle with the indicator on a face that is coupled to the spindle (chuck, work, spindle nose, whatever) and check your free end play before touching the spindle preload. You shouldn't see much. The SB9 will show some small amount of flex under hand pressure on the spindle, but you're looking for a thrust measurement, so it shouldn't be much. Low end of the single digits to zero is what I would expect. Also try radial play at this point. If it's tight, move on to the cross slide. Then try again with the dial indicator on the slide. Look for rocking nose to heel and up/down.
I enjoy looking at and pondering tool vibration patterns, but what you've got is a profound amount of movement that can keep you from finding precision in your work. Inspect and control every degree of freedom until you find it. It may turn out to be a bellmouthed chuck or an out of square tool holder in the end, but go through the obvious in a systematic way and work outward from the spindle until you find the bug and squash it.