Interesting. Is that a standard 76 or 77 disc set up?
Looks like a 5 bolt with curved arms, so I was curious.
By now, I should know the numbers off the top of my head, but I’m still decades away from that knowledge!

Been a while since I had my hands on a spindle, but it looks like the right shape. Just a bit rough.
Maybe you can clean it up a little bit? The larger diameter is where the seal rides. I don’t think the next edge inward should be squared off. If that’s what you’re referring to?
Should be curved as a stress reliever. At least that’s my theory and I’m sticking to it.
The smaller diameter that’s showing a bit of wear, can be smoothed down with some emery cloth or 400 grit sandpaper.
But check it first and see if your fingernail catches heavily on that edge. If it’s ever so slight, then you can clean it up. If it’s deep enough, I would get new spindle.
Cheap insurance…
If nothing else, this puts you back to the top and maybe someone with more detailed experience of spindles will give you their take on it.