This does not seem to explain cyclotron radiation.
Referring to Electromagnetic Vibrations, Waves and Radiation, by Bekefi and Barrett, page 288, it says that centripetal acceleration results in radiation.
However for a current in a wire, the speed of the electrons is very small, so the centripetal acceleration and therefore the radiation must also be small. In addition, having once found the frequency, which will be low, we need the radius to be comparable to the wavelength, which will be large, in order to avoid cancellation of radiation from opposite sides of the circle. A larger circle results in a lower frequency, so it seems that whatever we do, the radiation will be very small. In the case of electrons in a vacuum the speed can be much higher and so significant cyclotron radiation can be obtained.