The results you're getting are more than likely related to push off and not router bearings.
First, if you're using a slot cutter, make sure it's not on backwards. I've seen this more often than you would think. Also make sure it's set pretty much at the center height.
Next, of course, it needs to be fairly sharp.
Also something that seems obvious but often comes up is, are you making a full cut? Meaning is the cutter removing material all the way around the shaft. If the shaft has a lot of runout, it might not cut all the way around, and you will certainly not have a round shaft if it doesn't.
I'm assuming you're cutting solid maple. If you're cutting laminated maple, this is very often the result. The edge grain is so much harder than the side grain. I've see shafts come out almost square when cut with a dull blade. Our new shafts use solid maple spliced together instead of the laminated, and they cut so much better.
Push off can come from lots of things. It amazes me that a shaft can turn at 150 rpm and move around that much, but they do. I guess it's harmonics.
Anyway, good luck and let us know what you come up with.
Royce