Nice chuck, two part jaws so you can make your own soft jaws...love it!
The work piece looks like just under an inch.....is that right?
Is that cold rolled or stainless?
If cold rolled, for HSS tool and for cold-rolled I'd want to be about 80 sfpm, so that means around 300 rpm for a starting point.
I would then adjust up/down to see what works better.
However since you are already in that ballpark, I think you should concentrate on the cutting tip.
I see you are using HSS insert tooling. I have no experience with that, but now grind my own.
There is a ton of info here:
https://www.hobby-machinist.com/threads/models-for-grinding-hss-lathe-tools.62111/post-511692
(get a coffee, it is a very long thread, but worthwhile, I promise!)
One take-away should be the benefit of a nose radius on the tool.
What inserts do you use and what is their nose radius?
It might be just the picture, but it almost looks like a little tip damage or built-up edge on the cutting tool:
Please have a look with good light and magnification.
I have seen someone with a very similar machine get a mirror like finish. I’m not sure if my expectations are to high or not.
Stick with us, you will get there!
-brino