Traceable radius of curvature measurements are critical for precision optics manufacturing. An optical bench measurement of radius is very repeatable and is the preferred method for low-uncertainty applications. On an optical bench, the displacement of the optic is measured as it is moved between the cat's eye and confocal positions, each identified using a figure measuring interferometer. This distance is nominally the radius of curvature. Traceability requires connection to a basic unit (the meter, here) in addition to a defensible uncertainty analysis. The identification and proper propagation of all uncertainty sources in this measurement is challenging. In this paper we report on a new mathematical definition of the radius measurand that is a single function that depends on all uncertainty sources, such as error motions, alignment uncertainty, displacement gauge uncertainty, etc. The method is based on a homogeneous transformation matrix (HTM) formalism, intrinsically defines an unbiased estimate for radius, and provides a single mathematical expression for uncertainty propagation through a Taylor-series expansion.