If it has radial grooves, then there is no worries, as these simply hold oil like a chamfer and keep the cam journal lubricated. If it is pitted and rough, then you should source new cams.
If the "bearing" surfaces in the head are pitted then the head can be line bored, and it will lower the cams in the head by about .5-1 thousandth of an inch. Then you will have new machined surfaces, and everything should work fine.
I'd polish the cams up a bit and make sure that there are no raised spots on them to marr the head, and then plastiguage it. If it is worn then you will have loose clearances, which will lower oil pressure, and lead to other bad things. If it is tight, then all is well as long as things aren't digging into each other.
Just my 2 psi...
-Jake