Pip
When I used the Core Maker, set to 150mm, I cut an exact 150mm hole. What you describe above is wrong. Look at the picture that I posted and you will see 2 lines, one drawn from the indent on the side that the blade will be and then other drawn following the indent on the other side. They end up about 10mm apart. The only line that is relevant is the one drawn using the indent on the side where the jigsaw blade will be. Using that line you can drill a hole to take the jigsaw blade in preparation for the cut.
Before you can start the cut you have to do a bit of freehand cutting to get the blade spot on the line. Once it is there, you connect the core maker to the base and cut the circle. I cover this in my video which might be on line by this evening.
Peter