The lobe separation is the distance between the peaks of the intake and exhaust lobes in degrees. It is ground in and cannot be changed. Your lobe separation angle, or LSA, ia 110. The intake center line is reference to WHERE the camshaft is to be installed in the engine. An intake center line of 106 with a camshaft of a 110 LSA means the camshaft should be installed 4* advanced from the LSA, or at 106 intake center line, or ICL. It MIGHT be there when you install dot to dot. Sometimes you get lucky. You will need to degree the cam to be sure. Machining tolerances between the camshaft keyways, sprokets and crankshaft keyways are rarely "spot on" as far as being "degreed" correctly. When you degree a camshaft, you are assuring the camshaft is installed in the correct place per the cam card. Once you've done it a time or three, it becomes very simple. It's all based on grammar school math referencing 360 degrees in a circle. There's really nothing to it. All of the major cam companies have instructions on how to degree on their web site. I don't even use a stock cam anymore without degreeing it to assure it's in the "right place".