I was afraid of that...but any theories for what exactly is the problem? Is it that the gears on the cam are cut incorrectly?

I will try what Stanton suggested tonight, I suspect the pattern will just get moved to another spot though.

Either way, I am extremely reluctant to use this, so most likely this is a bit of a SOL situation as that cam was purchased years ago when I started to gather parts for the build. I will give Comp Cams a call today to see if anything can come of it.