I have a TL-2 with the four position toolchanger and this is the procedure I use for entering tool offsets.
I do not have any values in the G54 work zero.
For the Z tool offset I touch the tool to the face of the stock, normally I take a facing cut then press Z face measure without moving the Z position.
For the X tool offset I turn a small section of the stock then without moving the X position measure the diameter of the turned section, press X dia msr then when the machine asks for it type in the measured diameter and press write.
It is possible you have a Parameter set differently so your machine is working by radius measure not diameter measure; but I do not know if this can be changed with a Parameter.
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