Dynodave installed new cam bushes in a '73, 750 for me; no reaming was needed.
Best.
DD states up the page he gets that done outside (farmed out) which if so has little to do with reaming bushes and the simple question asked by the OP.
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Its very simple.
You can take a brand new AN bush out of the sealed packet.
You can fit it to the cam journals and it will have a nice sliding fit (without measuring)
You then chamfer the oil feed hole at the OD.
Check the bore in the engine cases.
Heat the cases, use a guided mandrel to fit the DS bush and another fixture to pull the TS bush in.
The bush is an interference fit in the engine case to hold it in place (The TS two bush set up on the Mk111 was somewhat of a step backwards for that reason (imho)
It is not uncommon, once the case is back to room temperature that the bush has reduced on the ID due to the interference fit which holds it in place at running temperatures and above, it would then need light reaming to restore it to a correct running clearance (including round)
Easy to say when you have the fixtures to rectify by reaming over using sandpaper (maybe even a flapper) as has been a common practise for decades as a generalisation .
I machine the old bushes out so there can be no possibility of compromising the camshaft bore in the engine case.
Dragging (DS) or beating out (TS) the old bushes out cold is also common it seems.
It was obvious the factory beat the bushes in cold from what I have seen including a furrow from the non chamfered oil hole at the OD.
There is no good reason to use those production line yesteryear techniques these days and who knows what has been done when you do not do it yourself.