I have had the jig about 2 years and used it quite a bit at first. I found, though, that it really isn't all that great, which was surprising for me, since I have always found Carter Products to produce quality bandsaw related accessories.
It's actually just as easy and productive to draw a circle on the blank and just cut it as close to that as you can. To me, it doesn't really matter if the blank is perfectly round or if it has some "corners". Within a very short time on the lathe it's round anyway.
With half logs, it's just as easy to cut some circles out of 1/8" or 1/4" material (like plywood or hardboard) with a hole in the center. Attach the circle to the wood with a screw and just carefully cut around it on the blank. Again, it won't be perfectly round, but close enough. If you don't want to make them, Trent Bosch Tools sells a set of 9 discs from 3" to 14" with center holes for $50. That's a heck of a lot cheaper than the $180 that the Carter Circle Cutter and added centering pin set would cost. I suppose you can use the Carter setup for other circles, but I almost never need to cut a circle for any other reason than blanks so I found it just wasn't all that useful.