The camshaft and its bearings are a firm(ish) sliding fit in the head casting, many are by now a pretty loose sliding fit. Upon assembly, the cam should be roughly centred in the head. The cam actually has generous clearance to the covers. But, a little misalignment will be corrected by fastening a cam cover, the pressure of 4-off M6 bolts will easily push the cam through the head. The tension of the timing chain will pull the cam into its sweet spot as soon as the head reaches operating temperature and the fit of the cam bearings loosens. For this reason, no adhesive should be used on these bearings.
So, no, the cam will hardly cause any oil leaks at the covers. Incorrectly seated, protruding rocker axles can and are often the cause of pulled threads or snapped bolts in the head. Tightening, tightening and tightening yet again, without actually investigating the cause of leaks.
piet