A set of V blocks to support the cam, a degree wheel, and a dial indicator is all that's really required- - - - -along with maybe 40 or 50 years' experience at blueprinting engines. Remember that every one degree of camshaft rotation represents two crankshaft degrees. I've never seen anyone with enough of a calibrated eyeball to recognize the difference in two flat tappet camshaft grinds, (maybe with a roller cam?) no matter how much of an "expert" they claim to be. Unless you're running Rhoades lifters, "squish" is a myth. Liquids don't compress.
Jerry