That Lazy Machinist.com has a really nice video/whiteboard talk about cutting threads with the compound at different angles.
With the compound at 90 degrees to the carriage travel, the cutter removes equal amounts of material from each side of the cutter.
As the compound is rotated away from the headstock, the cutter removes more from the left side of the tool and less from the right.
With the compound rotated exactly 30 degrees, all the cutting is on the left side and the right follows the thread perfectly.
With the compound at angles greater than 30 degrees, all hell breaks loose and you no longer cut a V shaped thread.
Since you don't want to create a defective shaped thread, you want to stay some distance away from 30 degrees.
So people set the compound at 29.5 or 29 degrees. You could set it at 25 degrees if you felt like it. The right side would be removing more material but still far less than 0 degrees. The key takeaway is to make sure you are not greater than 30 degrees because that does not cut a V shaped thread.
With the compound at 90 degrees to the carriage travel, the cutter removes equal amounts of material from each side of the cutter.
As the compound is rotated away from the headstock, the cutter removes more from the left side of the tool and less from the right.
With the compound rotated exactly 30 degrees, all the cutting is on the left side and the right follows the thread perfectly.
With the compound at angles greater than 30 degrees, all hell breaks loose and you no longer cut a V shaped thread.
Since you don't want to create a defective shaped thread, you want to stay some distance away from 30 degrees.
So people set the compound at 29.5 or 29 degrees. You could set it at 25 degrees if you felt like it. The right side would be removing more material but still far less than 0 degrees. The key takeaway is to make sure you are not greater than 30 degrees because that does not cut a V shaped thread.