I have a 450 crank and did the same measurements and got the same results.
I have no idea if the end of crank runout is due to them being abused and banged around for decades or if this type of situation is common, although 0.005" is way too much. My main concern is on the timing side, don't want to ruin a bronze bushing and lose oil pressure to the big end.
Any observations appreciated. If I need to straighten out shafts, would be interested in the best approach.
Thanks in advance.