It looks like you scrubbed the pitted areas so much that you removed the thin layer of magnetite that gives bare CI cookware it's grey color. Bare cast iron, when sanded or polished, is as shiny as stainless steel. It will darken with use, but it will take a bit longer than you're used to.
I had a pan similar to that one. Pitted but no bowing, and no wobbles or cracks. After sitting in the e-tank a couple days I seasoned it and made it my daily user for a month. The pits aren't pretty to look at but the seasoning is slowly filling them in and the pan is no less nonstick than any other well seasoned CI skillet.
I also have a piece that was far more pitted than that one. Since all that pitting made the pan worthless I wet sanded it with a 60 grit disc attached to my drill. It was messy and took a couple of hours. The pan is still not collectible due to the obvious sanding job done on it but it is very smooth. The first coat of seasoning looked like there wasn't even any seasoning on the cooking surface at all. The metal was still very shiny. Second coat looked a little more glossy, but still very shiny. Nevertheless, it became nonstick fairly quickly and got darker over (lots of) time.