It sounds like you are using the intake lobe centerline method to degree the cam, in which case you probably have a degree wheel on the crank, and are reading the numbers off that. The 110 degree intake lobe centerline that you are shooting for is in crank degrees, not in cam degrees. This also should be what you read off the degree wheel when you degreed the cam; you are at 115.5 crank degrees ATDC, not cam degrees.
So, if you put the crank sprocket at the +4 degree position, your cam will be degreed at 111.5 degrees ATDC, not 113.5. Everything is crank degrees.
If you skip a tooth on the cam sprocket, you are rotating the cam 7.5 degrees as you stated. This corresponds to 15 degrees of crank rotation. So, at the zero position on the crank gear, moving the cam sprocket one tooth would make your intake lobe centerline 100.5 degrees ATDC. So, to get closest to 110 you would be best off leaving the chain and sprocket relationship where it is designed to be, and just move the crank gear to the +4 position.
Hope that helps - Jay