This is NOT GOOD. Either the cam or the cam bearings are toast, I think, for the cam to be off center in the seal bore. Can you move the cam up and down? Is the old seal somehow warped, and the cam is still centered in the bore? And doesn't wiggle? I sure hope so...

Pull the old seal in any case, AFTER you take some real good pictures of it from several angles, including in line with the cam. Evidence, you see....

Not responsible for advice not taken...