It depends on the cam companys info, most will have two specs, one at either .020 or .0006
and .050. On either of those you need to check them on the lifter
The cams are usually more accurate at .050
On intake lobe seperation angle I check that last at the retainer with a solid lifter(on hydraulic cams) with the lash set at zero and then, if it is within one degree of where I want it, I will then check the exhaust lobe seperation angle
The reason being is that if the cam says it is ground on 110 lobe seperation angle when you advance the intake lobe, move it closer to TDC, the exhaust lobe will, should, move the other way away from TDC the exact same amount as the intake moves closer(your closing the ehaust valve sooner), IE intake in at 106 intake lobe timing on a 110 lobe seperation cam then the exhaust max lobe lift should be at 114 BTDC
I hope this makes sense and helps