That instability does not occur in the actual circuit, apart from the situation where output current is too low to really get the inductor and output cap "working". If you check my 'scope photos you can see how stable it is once current is greater than about 15mA.
Also there should be some mV of voltage ripple on the output, I'm curious what you are getting there?
Ideally to tune the circuit the RC delay keeps the SMPS off long enough to get some reduction in Vout, I can't remember exact ripple voltage but 20mV might be ok. Then when the RC delays ends and the regulator is re-enabled the ON time will be longer, as it takes that bit longer to recover the lost Vout and oscillate nicely around the regulated Vout.
I think some of the operation you are seeing is due to reduced Q1 and Q2 gain, and it's oscillating a bit more based on Q1 characteristics and not as much on Vout characteristics as it should, if you get my meaning.
One thing you can try is to set the transistors to BC337-40 and BC327-40, these are the ones I stock and they are the higher beta versions (I think the -40 means beta of 400, so they are a better grade of BC series transistor).
To improve efficiency on most of these designs I was reducing the Q1 base current by increasing R1 and R2, in line with what worked well with the -40 transistors. You will probably get better stability and better Q1 saturation if you increase Q1 base current a bit, especially if you are not using good transistors. Many of my BC transistors measure >500 beta on my beta tester.