Deets066,
Are you trying to "plunge" the cutter into the squish band?
Using the whole width of the cutter to cut the band?
If that is the case no "bar" is going to help.
You have to start in the center and feed it to the wall just like cutting on a lathe. Prepare for lots of broken carbide tips doing it by hand.
Best I can tell, from your video, you could set the depth of cut say.005-.010 with the cutter in the chamber feed it till it takes a cut in the band.
Spin the head till you feel no resistance, turn the Allen wrench a bit towards the wall of the jug. Repeat those steps until the band is cut. It will probably tear up quite a few inserts, and be a long slow process.
I don't see any other good way of doing it, also that bar you posted should work using the method I described.