I would replace both bearings, and with non-Chinese bearings, if you can get them. Personally, I only put cheap bearings in light load, low use, easy to service uses.
If you have a real groove cut, you may want to sand out the groove as a few imperfections can trash a seal pretty quickly. You could try to find an oversized seal. (I have never had much luck trying to do that, but it might be a lucky size.) If it is really bad, a good machinist could spray weld new metal on and get it back to size.
All the best,
Peter