I think you're closer to 2 degrees as it is if I guesstimate the length of your tool form tip to pivot knowing the face is 1/2". Plenty of dish for your lead angles, cutter looks sharp. There was a dimension that was missing in the prints when I peeked at them yesterday, and that's the groove width or groove to set screw clearance that limits your maximum angle on the ball pivot. The offset ground into the shank is what provides the "action" though. The action is what determines your (theoretical) feed. The importance of feed rate will matter if you are setting up a screw machine.
I wonder if your shank offset is cancelling out the wobble. I have to go back and look at the prints to see if that can happen, but I would imagine so, the shank offset and deflection from the ball may be netting near zero inward motion.