Well covered above, also consider the valve lash. if the lash operated the lifters on the steep cam lobe slope instead of the gradual ramp then that would tend to eat at things. I know reground cams are usually heat treated after, and don't doubt that this occurred, but I have a suspicion that some old cams and new regrinds somehow make a softer cam... ( Don't want to get into any depth of hardening argument here!!!!! :) but more of an observation for others to comment on.)
Note: What i am getting at is a small percentage of regrinds end up with accelerated wear/damage without many other reasonable explanations.