I usually install the bevel toward the cam. Check to see if either the cam or the gear has a radius that the spacer needs to accommodate, but since the snout is on the cam, that's the logical way to aim the spacer bevel.
Jerry

"It is better to be silent and be thought a fool than to speak and eliminate all doubt!" - Abraham Lincoln
Cringe and wail in fear, Eloi- - - - -we Morlocks are on the hunt!
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. - Ernest Hemingway
Love your enemies and drive 'em nuts!