What says that the camera was clicked as the arrow hit? This deer could have been hit several jumps before the camera. Steve, contrary to what you see on TV, arrows don't always pass through an animal when it's hit. In this shot the arrow looks to have passed through the heart and stopped in the opposite shoulder - not only plausible, but has happened just like that to me. Also, blood on the entry side is certainly plausible with a heart shot, even more so if it was several jumps after the shot.
More on arrow speed. My bow, a compound, shoots a 465 grain arrow at right around 245 fps. A long bow or recurve can even be in the <200 fps range.
As far as shutter speed, I don't have a clue what the trail cams offer but this shot was taken in the daylight so it, again is plausible IMO.
Am I saying I believe this was a real, unmodified, picture - no, but it's pausible.