Hah, was that a Larkin special?
I prefer a utility blade. Make a v-shaped cut, as deep as needed to get the width. Or for wide cuts, or stripping areas, cut the perimeter and try to peel off the copper inbetween. (Easier on 1oz+ copper, dreadfully hard on 1/2oz, it tears much too easily.) Afterwards, go over the surface with sandpaper, or a scraper, to reduce high points (the cut turns up a bit of a burr).
Or Manhattan style, where you glue or solder small squares of PCB on top of a flat base (uncut copper). That's good for making circuits with leaded components, where you need a ground plane that would otherwise be absent in a perfboard build.
But that's fine, using a rotary cutter, yeah. As mentioned, do mind the dust, which includes conductive copper dust, so, try not to do it over your bench where you handle surface mount components and such. Don't want anything shorting out. And don't breathe it, don't want fiberglass dust getting your lungs all itchy from the inside...
Tim