Most hobbiests will either end in a groove or let the tool cut a groove at the stopping point of the thread. If you stop early or late then the groove will get wider but not the thread because you are following the flank of the too bit as you go deeper. I do not use a groove to end the thread as it creates a stress riser and weakens the fastener.
My experience has been similar to mikeys. None of the times a relief groove was used for cutting to a shoulder did it result in a failure. Not to say that relief grooves are always OK. It depends on the application.
As a hobbyist, we generally know very little about the stresses in the parts we make and what our safety margins are. So it becomes difficult to choose which of the specialized applications in industry we should blindly follow, if any.
Believing the compound rest to cross slide numbers cut into the lathe does not necessarily give you that number in the completed part, sometimes by much more than you might guess. Be careful about the "measure it with a micrometer, mark it with a crayon, and cut it off with an axe" approach that we often use unintentionally, because we believe too many scales at face value. Trust, but first verify...I haven't received my new lathe yet, but have been studying every nite in preperation.
If you set the compound at 60 degrees and advance the compound on every cut, wouldn't that position the cutting tool closer to the chuck creating a wider valley every time you go deeper? I'm missing something. I would think you would want to go parallel with the chuck, straight in. Confused.