Well, Doc, there are some pitfalls there. If you grind down the journals, you lose the scroll that feeds the oil to the rockers. I solved that problem by milling a small flat on each journal to act as a dipper, and then running an external oil feed hose to the back of the head. I can't really advocate this approach, but it worked for me. On a race engine, with regular teardowns.
The 1300 cam swap makes a lot more sense.
Or just have a machine shop look at the existing cam and see if it is salvageable. If the journals are scarred, it doesn't bode well for the lobes, does it?
Jeff