ok i just had a brain fart idea if that ring does move yu can put it back and do this, you can do this is much easier than drilling and tapping it. get 23 or 4 roll pins like 1/8" pin and drill into a pcs of steel for testing the drill against the roll pin. tap that test pin into the hole to see how hard it taps into that hole you just drilled. if it taps in a bit hard that tells you it is fitting as it should, they need to be a bit snug. if it is loose then get the next smaller drill. or get a roll pin-drill set 1/8" then you have the correct size.
now put a magnet next to the low spot on the cam that will catch the shavings and drill into that so that you go about 1/8" deeper than the roll pin is long. and set that pin down below the surface and then take a center punch and right next to the hole make let's say 3 center punch marks like 10 2 and 6 so that it covers that hole you just set that roll pin into that will hold the pin in the hole and the ring will not move as it really has no force on it. how to stake YT they do a pistol but it is the same thing
then take a pencil magnet and clean up the rest of the shavings this will be the best fix i think will be your best option and save taking it apart and getting a new or used cam.
i have set lots of roll pins in y 40 years in machine repair. i'm sorry i did not remember that. but then the bulb came on and now you know. the link below shows how to stake a pin. he is doing a gun but the process is the same. it will save time and money. if you work in a shop ask a maint man if he can get you a roll pin and drill to do the job. i helped out lots of people at work. most people that need help seem to migrate to their maint guys. good luck let me know how it goes