I had the 'metal in the oil' problem. Sent the oil off for analysis. I came back with 1000ppm of NICKEL??? and they red-flagged it as a problem. Also had 5% fuel contamination, but that's another story.
And the oil had 1000ppm of zinc, just so you'll know that didn't help. I'm more of the opinion that the zinc is only necessary for break-in, after which it doesn't matter. And I doubt with 10.8 lbs of spring pressure it's ever gonna wipe the cam anyway.
Pulled the cover off and it looked to me like the cam had worn on the trailing side of the lobe ramp. Haven't gotten around to checking it.
The exh. lobe also had a razor thin sliver of metal on the side that just flecked off when I touched it, making me think cam wear.
I think floating the crap out of the valves in Purple Plate whacked the cam.
Cylinder wall looked great (I didn't pull the piston to check rings), piston skirt that I could see had minor micro scratches.
Put in a new cam and lost the side cover next race.
Fortunately no damage other than pride.