The Steel stand is a net improvement. Probably cheaper & easier than new tires if you are happy with OEM rubber. The consensus is that the steel conversion is better than the alloy units. Weight is not a particularly significant issue on these machnes!
As far as a cam, Hitchcock's has this item which
adjusts the stands retracted clearance so as to not contact the exhaust pipe.
https://accessories.hitchcocksmotorcycles.com/accessory-shop/Stands-Accessories/5329STEEL STAND:
PART No. 92837; CENTRE STAND CONVERSION WITH ENGINE PLATES AND FIXINGS (INDIAN MADE); £88.00
The standard Royal Enfield alloy centre stand fitted to the Redditch models was not very efficient. When fitted to the Bullets, lifting the bike onto the stand can be a real struggle.
We have the answer.... A robust centre stand conversion (complete with engine plates) allowing you to roll the bike on and off the stand without difficulty or embarrassment! It uses well-designed Indian items, the conversion offers more than enough leverage to easily put the bike onto the stand.
Note: Can also be fitted on the Redditch built Enfield twins with siamese exhaust pipes, but NOT twin pipes.
https://accessories.hitchcocksmotorcycles.com/accessory-shop/Stands-Accessories/20453PART No. 38152; CENTRE STAND (ALLOY), BARE; £87.00
Height to the centre of the pivot is approx. 22.5cm Note: Part Number: 40787 is approximately 1 inch longer than this stand.
https://accessories.hitchcocksmotorcycles.com/accessory-shop/Centre-Stand/20456PART No. 40787; CENTRE STAND, LARGE TYPE; £99.00cc
This is the alloy stand as fitted to the Redditch built models. Re-manufactured in England. The height to the centre of the pivot is approx. 25cm Note: Part Number: 38152 is approximately 1 inch shorter than this stand.