I'll give it a shot mystic_1. The toughest part right now (for me at least) is trying to understand how the mechanics of the this clutch mechanism will work with the slave cylinder that will be on there when I can finally get the hydro clutch working. With the hydro, the only action will be a thrust: no rotation, no cam action (not that I can establish anyhow), so I'm trying to figure out what will actually be moving against the clutch lifter plate to disengage the clutch. By your description (and the looks of it) it will be internal portion of the threaded stud. It's rounded, has a groove/o-ring seal between it and the cam it runs through, and appears to seat in the lifter plate. When the cable arm rotates the cam plate, which rides up on the rotary rotary lobed bearings, this pushrod thrusts inward, thusly applying pressure against the lifter plate and allowing the clutch to disengage. (I know I recapped everything you just said, but sometimes repeating it can help in understanding.)
So the lobed/cam ball bearing mechanism is simply there to transfer the rotary force of the cable turning the cable arm into a thrusting force necessary for the clutch to function... Correct?