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Think of it this way: if the canti stud didn't protrude beyond the brass bushing in the brake itself then you'd end up clamping the brake solidly between the bolt head and the fork, so it wouldn't be able to turn.
That said, in one instance only I've filed about 1mm off the stud because the play was ridiculous, but what you've got there looks fine.
ffm
frankenbike
Is this a problem? Canti stud (black) is slightly proud of the brake arm/internal pivot washer thing (gold)