Thanks for the clarification. The preceding descriptions led me to imagine a l-o-n-g ice cream cone, balanced on its tiny tip. Phew! I'll sleep a little better tonight.
If you're not turning away very much more, the bearings on your mayo monster can probably tolerate the compression needed for stability, especially at low speed. But the foot will be best turned last of all, so that it's centered, and square to, the line through an estimated center of gravity. That might involve a third axis. Even then, some fine tuning, free-hand against a disk or belt sander, should home in on success. I suggest you allow enough material to sneak up on it.
All the best,
Joe