So I had another DW-611 in my woodworking shop for routing needs. I checked the runout on the bench and it was less than .001. I took the one off my CNC and checked it on the bench and still at .011. Either it was a bad job by Dewalt in their QC or the bearings got out of round somehow.
Just a heads up if you cannot figure out the cause of the runout, it may be the router and not the bit, collet etc.