Good to hear that you are getting the motor together. Here's a couple of hints:
- First, the 138-000-9 number is not the grind number. There should be a 4 digit number for each lobe, for example 8594 or 8596. Knowing that would help with the degreeing procedure.
- The timing events at .050" lift given on Comps cam card are at the lobe, not at the valve. So if you are measuring off the retainer, you won't get the correct results. I'd forget about trying to measure at .050" lift, and just use the intake centerline method to get the intake lobe centerline. In case you don't know about this, you have to measure the degrees of crank rotation at .050" before peak lift, and .050" after peak lift, and then split the difference between the two to get the intake centerline in degrees.
- Comp's cam cards are not always very accurate for the SOHC. I have seen them off on lift and duration, especially a few years ago. The most recent ones I've seen have been accurate, but in any case I would advise you to pick an intake centerline angle and just degree the cams as described above, without relying on information from the cam card.
- If the cams are at the end of their adjustment on the sprockets when they are degreed straight up, you are definitely off a tooth on the sprockets. I would reset the chain one link over in the sprockets and try again.
- Make sure you have the cover bolted in place and the chain is tight before you degree the cams. If you tighten the chain without the cover in place, there is no support for the nose of the stub cam, and you will bend it out of place. This will throw off your degreeing operation and potentially damage the stub cam, especially if it is a factory cast stub cam. Also if you try to degree the cams with the chain not tight, you will be off on the degreeing.
Hope that helps - Jay