Sounds like bad news, heads seem to be like rocking horse s***, I have been looking for a new head for over a year now. I suppose the head could be revived by having an engineering company bore out the center bearing and fitting a couple of shells in there.
Camshafts are a little easier as they come up on ebay from time to time, any camshaft from the 500 600 and 650 rfcv motors will fit as do the hot cams kit.
I shoudnt worry about a complete strip down of the engine, the heads always go first, you have to be very vigilante about the oil and change it every 5000 miles, and make sure that the levels are always topped up