As pointed out in this thread, right now it only works with text-based PDFs. But there's a PR[1] which will add OCR support (using EasyOCR) for image-based PDFs in some time.
From the link: "Camelot only works with text-based PDFs and not scanned documents." If you have character data, using it is almost always going to be more accurate than OCR.
I don't know how OP uses it with images converted to PDFs though, as that would be just like a scan, and ImageMagick doesn't do OCR as far as I can tell.
Yes I need to work on that PR, haven't been getting a lot of free time these days. It adds OCR support using EasyOCR, which I found on HN some time ago!