Short version,
Cross slide is set to 29.5º, Tool cutter is set to 90* to the work piece.
As you are cutting threads, you are advancing the cross slide each pass inward , your working from the right hand side of the valley end point, and advancing the cross slide with cutter down the right hand thread wall towards what will be the center of the thread valley in the end, to create the threads. This has the cutter only cutting at the tip and the left hand side of the cutter.
Best guess, who every threaded the barrel, set both the cutter and cross slide to 90* towards the barrel, and was trying to cut both sides of the valley walls at the same time, and it creates a mess since you are working both sides of the cutter.
As for cleaning up the threads by re-cutting the threads, bad idea since it will end up with the threads undersized, and the can threads loose to the under sized barrel threads isntead.