If the security association isn't completed on a "must-secure" configured port then no traffic is transmitted. One would need access to the pre-shared keys to successfully use the link.
Now, could one perform a side-channel attack of the memory on the camera and get access to them? Maybe.
Sure the switch will only accept encrypted L2 traffic...but that encrypted link is set up via MKA, which is a part of the 802.1X standard. If you don't have 802.1X authenticating the endpoint, you don't have MKA setting up the encrypted link between that endpoint and the switch and you don't have MACsec.
So if you're trying to prevent a bad guy from getting on your LAN, you need 802.1X, whereas MACsec is an optional extra (a very useful extra if you're worried about MITM attacks). But 802.1X is still doing the heavy lifting w.r.t access control.