bugger, I will look into hiring out a degree wheel, dial gauges and get stuck into it.
I was hoping tyhat since it was a standard cam once upon a time that I could just set it up like it used to be and it would be pretty close, but life was never meant to be easy eh!

You could also just change how the chain is set.

I'd say you will need to go down the dial deg wheel path.

Chances are you'll need to dial it in proper. When you do, turn the cam sproket around half a turn, and drill a new dowel hole in the end of the cam. Bit rough, but cheaper than buying a flash adjustable sprocket.

I have a reground cam and am wondering how I should go about setting up the valve timing.
I don't know if I need to set it up with dial gauges and degree wheels or just line it up how the manual says to do it, I mean the locating dowel on the cam would still have the sprocket loacated in the same position so could I just line up the dowel and crank key way like the book basically says?
The cam spec sheet says it has:
at .050 timing
inlet opens 7 BTDC, closes 43 ABDC, duration 229
exhaust opens 45 BBDC, closes 5 ATDC, duration 229
lobe sepperation 109
valve lift .4425 both intake and exhaust
valve lash for both intake and exhaust is .016