Check your cylinder bores for taper, although if there's no ridge it is likely pretty straight. I'd still do a few passes with a good hone before putting new rings in, though.
Go ahead and run that cam after polishing it a little, as already recommended. I rebuilt a Mercedes diesel once that had been run out of oil and spun a rod bearing, and the cam journals (which ride directly on aluminum towers) weren't pretty, but both the cam and the towers cleaned up pretty good with emery too. It had 50k miles mostly at 65-70 mph (3200 rpm) on the rebuild and was still going strong when the rest of the car rusted out around it.
I wouldn't try that on a 7000 rpm drag race cam with spring loads approaching 1000 lbs. at .800 lift, but our IDI's only turn 3300 or so, and have relatively small valve springs to match.