Well since u said the cam is flat . I would not waste the time unless u are going to do a full teardown and wash it out. Right now those cam lobe particles are in your oil system and will be embedded in your bearings soon . The rest is history after that. At least drop the pan rinse out the lower end , and clean and inspect the bearings.
Actually surprised no1 brought that up earlier, I don't care about this engine(also why won't put much time into heads or use good roller rockers). If it was good parts it would be tore down and thoroughly cleaned. With this engine if I tear it down it'll be scrap, cause I'm sure I'll find plenty wrong with it. I've tore enough sbc down that wasn't worth putting back together but who knows how long they'd have run if left alone. Run it till she blows! I'm betting it already has a poor man refresh ball hone and new bearings from the look of the pistons in Nightcahsers vid. Prob already plenty of scotchbrite rolo disc material floating around in the oil.
LOL if it survives for awhile it may get nitrous just for kicks, well after I have another engine ready.
I pulled some caps on another old 350 & the bearings looked horrible, put em back on n ran it for a few more years with at least 300 6000rpm 1/4 miles passes. Just put fresh bearings in not long ago and the crank could use a polish but nothing that catches my nails. I don't expect 100k or even 10k, could not even make it out the driveway. But from my exp SBC will tolerate a lot more than some think.
Also why I'm tempted to pull that 1103 cam and lifters out of a 355 and just run it, not suppose to reuse lifters in a diff block even if you keep em in order but I've done that before for maybe 5k before loosing a lobe. Still I'd like to go thru that 355 maybe and reuse that cam or now that I think bout it that 355's prior cam lost a few lobes too and I never tore it down, so maybe I will use that cam since it's technically already contaminated with cam lobe junk and broke in LOL prob steal the timing set as well. FYI it's out because I burnt a valve on the modded 305 heads. Still the truck 350 could surprise me and go for a long time, a fresh cheap cam would last long if it did.
It is a good point and good advise, just not for this budget beater.