Sounds like yours might have come out of the same batch as mine. Mine had a tight spot, but was within factory spec for both clearance and run out. I used it as is with no problem, but it's a street motor. I probably would have turned it if I wouldn't have had the bearings already, or if I had racing aspirations.
-Jim
I can fix it... my old man is a television repairman. He's got the ultimate set of tools... I can fix it.