An "accuracy" node was dreamed up on the internet. It didn't exist before some writer on the internet thought of the idea. It is based on the fact that the barrel is in a state of vibration when a bullet is driven through it. But it is too variable to try and establish what happens at one particular oscillation.
Jack O'Connor's favourite saying was if you could see the barrel vibrating as the bullet went out, it would look like a wet spaghetti blowing in the breeze!
In short, no way could any one spot on it be recognized.
As in the video link posted by Superbrad the barrel does its 'whipping ' around after the bullet is long gone!
The energy pulse/vibration is an annular one that radiates from the source (cartridge being fired) to the end of the barrel and back to the source, depending on the material (type of steel) this is in the neighborhood of 18,000 ft/sec +/-.
So, if you could imagine a stone thrown in a lake of still water the energy from that radiates in all directions, now place a hollow steel tube over this picture and you will see waves of energy going out and reverberating back to the source, (basic physics).
In a barrel the energy wave deforms the barrel as it progress's out and reverberates back, the bullet passes through several zones of varying barrel diameter to its exit (muzzle).
The 'node' is when the barrel is at its least deformation, this been the ideal time for the bullet to exit.
The node is not from the barrel whipping around and seeking a calm spot but rather the annular pulse of energy that deforms the barrel,radially and along its length, as the energy is dissipated.
It is the timing of this event that will dictate where a 'node' is, therefore, the acceleration and velocity of the bullet most be accurately known, a computer program exists to help with the math.