HHmm… I'm not seeing the 2201 on their website..
https://www.cbperformance.com/Cams-and-Lifters-s/12.htm.
What they list as a stock cam - #2202 - shows 268 x 378.
Your cam being 264 x 402 makes me think it will be pretty close to stock, with a tad more lift,
Should work well in a bus.
-But-
For a bus, I'd be keeping your CR to 8:1 or close to it (or even less).
That cam doesn't have enough duration to run a high static compression ratio,
Because the dynamic compression ratio will be high, due to small cam duration.
New springs are always a good idea after 50 years of use.
Regular old CB or Scat heavy singles and their matching retainers/keepers fit right up.
You are going to have to reduce your compression if you want the motor to last.
Normally, bus motors are built with dished pistons.
Having your case decked is a very good thing after 50 years, but must be done perfectly.
Unfortunately, this will reduce your deck height even more.
Once you get that operation done, you'll want to be getting some shims for under the bottom of the cylinders.
I like your un-shrouding idea to get more CCs in the heads.
Not sure it will be enough to keep the deck tight, but can't hurt.
Depending upon how much you get from your un-shrouding, and how much they deck from your case will determine your barrel shim thickness.
Target 7.9 - 8:1 CR, and let the deck be a bit taller than many will say is ideal.
Too much deck isn't the end of the world.
If you really care, buy some bus (dished) pistons and sell off the ones you have.
Here's your calculator --->
http://cbperformance.com/v/enginecalc.html
Looks like with your 50cc chambers, and flat tops, you'll need almost .1 deck to get 8:1.
If you can find 5ccs by un-shrouding, you come down to .072 deck, which is way better.
5ccs is a lot of hogging in those chambers..
If you can find 5ccs and up the CR to 8.3 you get .057 deck, close to ideal.
So,
With the parts you have, you will end up with some compromise..
I'd be adding deck height myself.
Or, better yet, buying pistons..