$\newcommand{\a}{\alpha} \newcommand{\bb}{\mathbb} \newcommand{\b}{\beta}$ The question originates from a comment by reuns of this question Geometry of the set of coefficients such that monic polynomials have roots within unit disk.
Let $\a = (\a_0, \dots, \a_{n-1}) \in \bb R^n$ be fixed and $\a \neq 0$. We consider the parametrized family of monic polynomials with degree $n$ $$ f(r, z) = z^n + r\a_{n-1} z^{n-1} + \dots + r \a_1 z + r \a_0,$$ where $r \in \bb R$.
For each $r \in \bb R$, let $L(r)$ denote the largest modulus of roots of $f(r, z)$. $L(r)$ is not a polynomial in $r$ (Is the largest root of a parametrized family of polynomials again polynomial?). But $L(r)$ should be a continuous function over $r$. I am wondering whether the number of zeros of $L(r) - 1$ is finite.
Following was some wrong attempt. See the question and comments here If coefficients are polynomial functions over $\mathbb R$ of a monic polynomial, can we find $n$ continuous functions that constitute the roots?.
I think the zeros should be finite. Informally, we can consider
$$ f(r, z) = z^n + \a_{n-1}(r) z^{n-1} + \dots + \a_1(r) + \a_0(r).$$
This just rewrites $r \a_i$ as a function over $r$. Since we only consider $r \in \bb R$, there exists $n$ continuous functions $\b_0(r), \dots, \b_{n-1}(r)$, that for each $r \in \bb R$, constitutes the roots of $f(r, z)$. By Vieta's formula, all $\b_j(r)$ should be polynomial functions in $r$ (This part I feel is problematic). Then for each $j$, $\b_j(r) - 1$ would have at most $n$ zeros. The worst scenario would be these zeros happening in separate manner in the sense: the zeros of $\b_j(r) -1 $ are those $r$'s that $\b_j(r)$ also is the largest root of modulus. This gives us $n^2$ zeros of $L(r) -1 $. Is this argument correct? Could a tighter bound be provided?
Edit: Before I started the bounty, there is one answer by Akari Gale which I am not sure of . This is one of the reasons I started a bounty. As of now, there is one downvote of that answer. Could someone leave a comment on why the answer is not OK? Thanks.