Is the head shaved much? Have you shimmed the cam towers at all? are you running a stock thickness head gasket?
What I am getting to is if the distance from the cam center to the crank center is just about stock, then just time the cam as you would normally do to take up any stretch in the chain. In other words, don't advance or retard the cam. From your cam specs it looks like it is a non-symetrical cam, so you can't use my directions from the "How to Degree Your Cam..." thread. My point is just to get the cam as close to being "straight up" as possible, and then tune your Megasquirt. Until you have your timing and AFR tuned, you can't assume that the reason it isn't running good is cam timing. Once you getting it running decent, and the AFRs are correct across the VE table, then start experimenting with cam timing. I am also assuming that you are running dished pistons. If you are not, be careful changing cam timing!
Pete