Haas TM-1P undersizing bores

Hello, r/cnc!

I have a Haas TM-1P with a WIPS probe and tool setter. I use Fusion for CAD and CAM. I have been trying to cut a precise bearing hole at 1.1245” +/- .0005 for a press in fit for the bearing. When I use VPS and add a -.003 tool wear, it cuts this hole perfectly, even after I re-probe the tool, I still have to add this tool wear offset. When I use my CAM, the hole comes out to 1.1190. I made sure my code calls the tool offset (D04, in this case), and no matter what I do to this offset, I cannot get the hole to open up any more. I have tried every setting I can think of, and I am at my wits end with the machine.

Anybody have any suggestions?