that is so often the problem, and the cam ring is so often blamed. All the reconditioners would, I believe, say the same - ie it's usually the bearings or the housing, and only sometimes the ring.
When I've got the other things right, in all bar one case over the years I've found that cam rings I thought I needed were wholly unnecessary. And that one had been eaten by rust, so not really its fault. If one thinks that many housings are living on mag bodies they weren't supplied with, that there's the risk of some slop in the mating faces and the registers, that the bearings have been hoicked out by nameless persons with 'orible 'tooling' over the years etc etc, it's not surprising concentricity and perfect fit aren't 100% guaranteed. And the poor cam ring as often as not gets the blame. As long as I can get within 2 thou on each cylinder, with no slop in the obvious places, I'm happy. And I'd never take a mini-grinder to one myself, I have to say, although a light 'stoning' of any rough bits or minor warts may be OK. Good idea to make sure the lube-retaining felt is in place in the housing and that the hole through which it arrives on the inside of the ring has its little felt pip in it. Set it up right, with a known good armature and modern condenser, fit and forget . . . that's been my plan, apart from periodic standard checks. Wonderful things.