RR, there is no slop in the chain. It's brand new and has a tensioner on it that pushes it to the right a little, perhaps that's what you are seeing?
When I degreed the cam, I thought it went in too easy, I got it on the first try. I actually called Comp and Hughes to confirm I did it right and I know I did. I did lift checks and what not and I could swear it was all dead nuts.
I might take the valve train apart one more time just to confirm AGAIN. Getting the tensioner on was a real hassle.
This stuff makes me nuts, all the second guessing.