I'm not quite sure exactly what this is here in the photo but this is a really nice piece of wood, I don't want it to go to waste.  How ever when I started carving it down to round I started noticing the wobble effect yet again.  I proceeded to stop the lathe.  I was positive to get everything lined up properly this time, even too full passes to make sure I wasn't starting and stopping between cuts.  Then I came across another issue directly in the wood.  I'm not sure if it is a dry spot but it is becoming to be a pain and I think that is primarily what may be causing the wobble effect on the outside.  When I was testing on the inside of the piece (Not yet hollowing, facing)...  I felt NO wobble effect on the chisel.  It was only on the current working side of the wood in rounding.  I dont want to have to cut it down too much but at this rate that may be what happens to see if the wobble comes out of the wood.  Any ideas on this?

Typical end grain problem. There are as many suggested solutions as there are turners.

 

Some possible solutions-

Sharpen your gouge

Try a push or pull cut

Try a sharp scraper

use some CA to harden the fiber ends

40 grit sandpaper 

 

I copied and pasted this from the AAW forum-

 

"Some will say your tools aren't sharp enough, some will say you need to work on your technique, but my experience is that it's never completely avoidable. Wood species, figure and how dry it is will have just as much effect as using a not quite sharp enough gouge. Dry wood will always tear out more than wet. Some softer woods will tear out more than harder, but that's not always the case. Overall, I'd put maple, cherry, sycamore and beech (there's probably a few more) as the lowest in tear out overall. Dry oak, bubbinga and anything with really high figure are at the other end." 

Esh I used up all my heavy duty ceramic belts other wise Id teara off a chunk and use that that's like 36 grit lol.

That is beautiful wood and it looks as if you are doing great.  Also, it looks round.  While it is spinning, you could rest the chisel on top and see if it bounces or chatters.  If it does neither, you should be round/true.  Yes, it is going to take agressive sanding to clean this up, but that is just the wood.  

That is end grain tear out and is on both sides of the blank. Try sealing then return. Sealer can be finish you will use or CA even works. Once sealed try a fresh ground gouge.