Hey guys thanks for all the replies. Just got a new cam pin put in the rifle tonight, so all is good to go.
I took another look at the bad cam pin and found that the area of pitting was much smaller than I remembered, which is probably why I originally decided to reuse the pin. I'll probably just keep this one as a short-term emergency backup.
Ok, I am going to try to add some clarification to the following discussion on SA ammo, corrosivity, and the use of Breakfree versus FP-10, but this is going to be somewhat convoluted at first so bear with me.
Up until recently I have been using Breakfree exclusively, only since I started hearing about the wonders of FP-10 that I decided to check it out. Anyway, when I used Breakfree I would soak the bolt, carrier, and inside of the upper with it after cleaning. Granted this can cause problems but I live in is a low dust environment so it isn't an issue, plus I don't shoot all that regularly, so by the time I do take the rifle back out, the excess CLP has found it way to the outside of the rifle where it can be wiped off.
I have been shooting SA ammo off and on for about the last two years, mostly in my BM shorty. As mentioned previously, I generally will not clean this rifle for long periods of time but I will usually wipe down the outside of the rifle with Breakfree after each outing. With this cleaning regime (or lack thereof), I have never had any problems with corrosion on this rifle that could be attributed to SA ammo. If SA ammo is corrosive, the lack of corrosion on the BM could be due to the initial heavy coating of Breakfree in the receiver, the chrome-lined bore, and the fact that I do wipe down the outside of the rifle fairly regularly.
The last time out with my Colt 6400 was the first time I shot SA ammo through it as well as the first time I had fully lubed it with FP-10. One mistake I learned was that you don't want to put this stuff on very heavily, it will make a mess of things since it sticks around unlike Breakfree. When I did pull the rifle apart to clean it, the parts were heavily coated with a mixture of FP-10 and powder fouling. The cam pin had what looked like a hardened carbon deposit on the side of it, which kind of surprised me since I had never seen carbon build up here, especially after only 120 rnds. I tried first scraping it away with a bronze jag, which took most of the buildup off, but the side of the pin was still a little rough. The pitting was very shallow and in a very small area so I figure some light buffing of the pin with a polishing dremel bit would take care of things. This took care of most of the roughness, but there were still some very small dark spots on the pin.
Ok, sorry to rehash all this, but I thought I would try to clarify some stuff before I make some possible conclusions on what may of happened.
First off, we know from corrosion tests conducted by other shooters out there that Breakfree CLP is a better protectant than FP-10, in fact the only thing that beats Breakfree when it comes to protection is Eezox, which I believe is a wax base compound. However, it is also fairly certain to say that FP-10 is a much better lubricant than Breakfree.
Second, the jury is still out on whether SA ammo is corrosive, but it is possible that it is and the only reason corrosion isn't a problem is due the exceptional protection that Breakfree provides and the fact that most of the rifles shooting this ammo have chrome-lined bores.
Third, the cam pin is a very high stressed part, and if I remember correctly, steel will corrode much more readily when it is being stressed.
So, to sum it all up, the pitting on my cam pin could be due to corrosion, that only showed up on the pin due to it being a more high stressed part. This corrosion was then a caused by a combination of shooting corrosive ammo and using a lube that only provides average protection.
Holy cow, that was a lot of words to bore you all with over a stupid little cam pin problem. If any of you are still reading this, I appologize. I also want to say thanks to George for adding his comments, I don't want it to seem as though I am dogging your product. I think both you and Breakfree make a great CLP. FP-10 is better at cleaning and lubrication, Breakfree wins in the protection catagory.