I wouldn't go racing with that crank, but if it's round and doesn't have any deep scores, it will last a long time in a street machine. Grooves or shallow pits don't damage bearings- - - -high spots or debris do that. A groove is just an oil reservoir. If that's a standard diameter journal that's round but a bit undersize, a .001 or .002 undersize bearing will get the oil clearance back where it needs to be with just a good polish job and a thorough cleanup. Measure the crank with an accurate micrometer- - - -"Test, Not Guess!" I've done that dozens of times.
Jerry