Hi Ed and welcome. Normally you just use a straight bit with the fence and it sounds like you are already aware of offsetting the outfeed. I would use at least a 3/4" D bit but my feelings are that bigger is better. 1/16" may be too big a bite. A 32nd or less may be better. Plastic playing cards make good shims for the outfeed as they are very uniform in thickness.
Someone I consider a master woodworker once told me that a master woodworker is not someone who never makes mistakes. He is someone who is able to cover them up so that no one can tell.