Fresh engine, wiped cam? Tick? (new pics added)

O.k. Stupid question. I just went out to my car and realized that I can only have one lobe "base circle of the cam". When one is down the other is one the way up. Is that fine?

Also... The rust (or whatever it is) looks worse because it's a close up picture. Just from looking at it with you eye, it doesn't look that bad. If you run your finger across it it feels smooth all the way across.

Could this simply be possibly because of a bad break in?