Good news. The surfaces look good enough to use. Your analysis is spot on. There is a nick in the seal (visible in the photo) that needs to be filed off. Use a Second Cut sharp file, and do not remove more than down to the cylindrical seal surface. Then polish the surface (around it, not in and out, it keeps the polishing scratches in alignment with the seal lip)with 400 silicon carbide paper. The inner races (called cone and rollers) ramp toward one another. They fit on the surfaces you described (the rounded sholders will do no harm). The fit of the inner races (both inner bearing, and outer bearing) must be very snig on the spindle. If they are able to be tipped when installed, or if there is obvious play, then Permatex brand stud and bearing mount liquid must be used to assure the survival of the assembly. Finger pressure to assemble, or very light taps with a punch and hammer around and around (or with a square ended pipelike driver) is perfect. I believe in ford spec. chassis and wheel bearing grease it is a moly/graphite black substance that serves well in wheel bearings. Tighten the assembly until (as you rotate the hub) it has a slight drag, some bearing friction. then use a block of wood and a two pound hammer and (using the wood as a buffer) bash around and along the hub to seat the bearings. Then back off and re adjust till there is just the slightest drag from bearing preload. good luck. JimN
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