First off, there are a multitude of ways to cut your threads. They'll all work. And if you're happy, then all is good! But just because the new threaded bolt that you made fits into it's nut, doesn't make it to "spec". As you can see in the attached photo, there are all manner of dimensions that make for a "proper" thread profile.
My biggest issue with the 29° (or whatever angle) you want to feed into your work, is that unless you are using a full profile topping insert, (or hss cutter which you have appropriately shaped the tip), is that you cannot properly form the root of the thread.
If you look at the the inserts on the attached photo, the insert on the left is a non-topping insert capable of cutting threads as fine as 44tpi and as course as 14tpi. While the insert on the right is a full form topping insert specifically for 12tpi. The non-topping insert allows us to cut many different thread pitchs, and therefore reduces our inventory of inserts, (and when you have to buy packs of 10, buying full-form topping inserts for each thread pitch will be expensive.
Look at the tips...on the left, the width is 0.006", while the insert on the right it is 0.020".
According to the Sandvik catalogue it tells us that if we want to cut a 12tpi thread, we need to make a 0.054" radial depth of cut, (or move 0.058" @ 29° with the compound.) If we use the topping insert and cut to that depth, our thread profile is correct, the root width is correct, the crest width is correct, and our pitch diameter is correct. This new bolt is to spec, and will fit.
If we were to use the non-topping insert and go in the same distance, the pitch diameter is too large and the nut won't fit. So what, you say, just keep going deeper until the pitch diameter is correct, and the nut fits! Ok, so we do that, our nut fits and pich diameter is correct, but now our root and crest is not to spec. In fact we've created a razor edge at the crest. Too sharp you say, ok, file off the tops. Now, the OD is not to spec. It's not loose because we hit the proper pitch diameter, it's just not correct.
So, how do we remedy the procedure using non-topping inserts?
1. Set your compound slide so advancing it will move the cutter in the z-axis (perpendicular to your cross-slide).
2. Cut your thread, advancing the cutter radially until we get to a depth of 0.054".
3. Take more cuts but only advancing the compound 0.001-0.002" at a time, while still having the cross-slide at a depth of 0.054". So, mathematically we would need to advance the compound the differece between the non-topping tip and 1/4Pitch. In this case: 0.020" - 0.006"= 0.014".
There are ways you can play with this method too. You can do the incremental infeed method they show. Move your cutter radially x amount, the next cut x + z, the next cut x -z, etc, until youve reached full depth, and the proper root width. (For me, that's way too finicky). But, what I do do, is when I've reached the full depth of cut radially, and start using the compound, I'll take a couple thou' from the trailing thread flank to clean it up, before advancing on the leading flank.