Sailplane,
I had so much stickout of the parting tool that it was just slightly above center height.
My machining mentor taught me a simple method that has been working for me. Take a 6 inch stainless ruler, run your cutting tool to the work, put the ruler in between the cutting tool and the work with very little pressure holding it. If the top of the ruler bends away from you, you're too high, straight up, your probably at center. I always see if I can get the ruler to bend ever so slightly towards me. Then I know for sure, I'm below center.
Grasshopper