Looks like harmonic vibration to me, the give away is the spiral pattern. Could be the tool or holder is vibrating, or a belt is transmitting vibration.
Could be the work itself is vibrating, I assume you are making the point, swapping tools then cutting the thread, then parting. You might have to cut the taper, then move the work out of the collet to cut the threads. That would be a fair bit of stick out.
Maybe just use a different insert and take a lighter cut