If by top and bottom of the circle you mean you have lines running parallel to the X axis then your Y gib isn't going to cause that. The Y gib constrains motion of the Y axis. If it is loose or misadjusted the Y may tilt, giving you strange results, but not a line parallel to X. Unless it is REALLY loose, then the table could shift left or right, but I would think that much slop would be an obvious cause for concern. A far more likely scenario is that something else came loose, either your mount of the screw to the base, your nut to the saddle, or possibly your bearings in the screw mount block.