Cam degreeing help me understand!

You have a Retarded event happening there.

Focus on the Fuel Pump Eccentric in your last picture, it should be exactly 180° different to this firing on #1, your's is not.

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First step I would say the actual camshaft itself timing is off being cut retarded. By the position of where the Cam gear keyway is cut.

Draw a line up through the center of that Eccentric and you can see it.

I would say your timing chain and gears are cut correct.
Yep