Cam lift: .541/.537
I stopped by the shop again today and we went over each lifter one-by-one: Only two lifters fit OK and the rest either have an obvious gap or are sketchy-close. The largest gap is the one in the photo I posted above and is a few thousandths of an inch.
This is essentially the same logic that my engine builder was using when explaining to me why grinding is prob going to be our best option. When you consider that the core of the camshaft is smaller in diameter than the lower cam lobe, then having the cam lobe shaved down a few thousandths of an inch won't have any real impact on the strength or support of the cam; especially since I won't be running super-crazy springs or anything.