Let us use the equation $\frac{d M_{z}}{d t}=N_{z}$ relative to the axis through $O$ For this purpose, let us find the angular momentum of the system $M_{z}$ about the given rotation axis and the corresponding torque $N_{z}$. The angular momentum is
$$
M_{z}=I \omega+m v R=\left(\frac{m_{0}}{2}+m\right) R^{2} \omega
$$
[where $I=\frac{m_{0}}{2} R^{2}$ and $v=\omega R$ (no cord slipping)]
So,
$$
\frac{d M_{z}}{d t}=\left(\frac{M R^{2}}{2}+m R^{2}\right) \beta_{z}
$$
The downward pull of gravity on the overhanging part is the only external force, which exerts a torque about the $z$ -axis, passing through $O$ and is given by,
$$
N_{z}=\left(\frac{m}{l}\right) x g R
$$
Hence from the equation $\quad \frac{d M_{z}}{d t}=N_{z}$
$$
\left(\frac{M R^{2}}{2}+m R^{2}\right) \beta_{z}=\frac{m}{l} x g R
$$
Thus,
$$
\beta_{z}=\frac{2 m g x}{l R(M+2 m)}>0
$$
Note: We may solve this problem using conservation of mechanical energy of the system (cylinder $+$ thread) in the uniform field of gravity.