What real difference does the lsa on a cam make?

Lobe sepsration is an advanced description for overlap.If you take a cam on a 112,and grind it on a 108,you add more overlap,the time the valves are both open.Narrower lobe centers mean more low end and midrange torque,along with a peakier powerband,and a slightly rougher idle.Tradeoffs are sensitivity to octane ratings,total timing, and air fuel ratio.A lot to swallow I know,hope this helps you.