Let and work in the exterior , with . The affinely parametrized geodesic Lagrangian is
Its polar-angle equation is
The initial data , therefore remain in that plane. Rotational symmetry allows the axes to be chosen so that any nonradial initial trajectory has those data: its conserved angular-momentum direction fixes an orbital plane through the centre. Radial trajectories can also be placed in an equatorial plane.
The coordinates are cyclic in , so their canonical momenta are constant:
The corresponding Killing vector fields are and . With the displayed signature, and , explaining the sign in the second canonical momentum. Thus is conserved energy per unit rest mass for a massive particle parametrized by proper time, and is its axial angular momentum per unit rest mass. For a photon, affine rescaling rescales both constants; after the tangent is normalized to the physical four-momentum they represent its energy at infinity and axial angular momentum. Their ratio is the signed impact parameter.
In the equatorial plane, the photon satisfies the null geodesic constraint
which gives
For , put and . Then
and consequently
The radial case is not represented by as an orbit parameter.
There is a circular photon orbit at , but it is unstable. The radial effective potential is
A circular orbit requires and , giving
Its second derivative is
It is a maximum, rather than a minimum, so radial perturbations depart from the orbit. Equivalently the second-order orbit equation is . Linearizing about gives , with modes and . The existence of a growing mode directly contradicts the printed stability claim. Exact initial data can remain circular, but that does not make the orbit stable.
The supplied implicit expression describes the critical-energy family with , as fixed by the circular orbit. Define
Rationalizing once gives and
Differentiating gives , so
This verifies the first-order equation for every allowed integration constant on its real branch. For the derivative argument is replaced by direct substitution: is constant and solves the critical equation. The displayed family does not solve the equation at an independently arbitrary value of .
For , write . On the physical exterior branch,
As , and
Thus for the photon remains exactly on the circular orbit. For it approaches from outside through indefinitely many revolutions in the negative- limit. With increasing , this same branch peels away outward and reaches infinity when . Reversing the direction of motion gives an incoming critical ray asymptotically approaching the photon circle. These are separatrix trajectories, not evidence of stability.
Figure 1.
Critical Schwarzschild photon orbit and an outward separatrix
. Details.
The potential maximum and the outward-growing radial separation display the same instability in two complementary descriptions.

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