yes, But, Your auto focus doesn't give a clear picture of the BB shell threads on the Near side,

If it were a Film camera ('prosumer' one) I'd say stop it down to a very small aperture, (higher f number), to increase the depth of field,
slow down the shutter speed to get the exposure right, then take another picture..

But from the condition of the in focus Far side, ant that the threads in the BBshell that would contact that point, are OK, Ill say:

chase the threads, that is use the BB threading tool to clean up the existing threads , rather than cut new ones , then buy a new BB,
this time grease , or use anti-seize and buy the proper installation tool for the new BB.

You will not need threadlock [which wont work with greased surfaces, anyhow] if you get the Cartridge BB tight enough in the frame,
with the proper Ring wrench , for that BB you need : http://www.parktool.com/products/det...5&item=BBT%2D4

There is a different Version of that same Campag BB which is intrenally splines, It uses the same tool as Campag's Cassette lockrings for the wheel.

NB there are 2 Square taper standards so You need to get the right one JIS, Japan, ' and ISO, European parts.

though some crossover is possible, ex: I have an 80's Campag Mtb Crankset and it is functionally interchangeable
with Shimano's M730.