The icon isn't terribly ugly, it's simple. But maybe as an idea it doesn't have that much going for it?
If you tell people "it's a c inside of a B on its back and kind of looks like a camera" are they going to be impressed? Or is it better to start from scratch and make a better looking camera which isn't shaped like a B on its back? To compare with here is CB making a lens on a piece of clip art from Google Images (do not actually use clip art!):
I am not saying that's good by any means. Just it shows there are ways you can convey "CB" and "camera" more clearly if that is what your idea is. Turning the B on its back and putting the C inside it gets to being obscure and you wind up not conveying either "CB" or "Camera".
Most important though I say is don't think a CB on a camera should be the end of the ideas because it was your first one. Pretend like a teacher has a red pen and keeps sending you back and saying "no, try harder". Is something more interesting about you than you have initials and you have a camera? How might you work it into a logo?
Two lines of the same type in the same size right next to each other with different spacing is just going to look bad. I don't know seen a rule of it like "don't stretch type" is a rule - but it should be one if it isn't.
So I'd either change the font for the two lines or not worry so much about them not being the same width and keep your spacing the same. Maybe just use the difference; if your camera is wider than tall you could run CLAUDIO vertical and BACCHIANI horizontal. It is the same as what I said about the icon though; don't just try one idea, try a lot.