Degreeing a Cam, or not.....

I have a sfi certified damper with timing marks from 10 to 0 to 50 degrees. I could find TDC with a piston stop. How would I then check the camshaft relative to the crankshaft? Regular degree wheel mounted to the crank? Would I pull the valve covers and check the lift of the valves/rockers and degree off of that. If I am on or off specs, then we have solved at least if the cam is ground correctly according to the cam card. Whether or not it is correct for the car is another whole story. Do I have that correct?

Yes, that's right. From finding TDC, then I would just go through the motions and check "where" the camshaft is installed. Same process as degreeing. You can find out if it's off without tearing the front off. Of course, you'll need the radiator and pulleys off to access the balancer. You can put the dial indicator directly on the valve spring retainer, but you need to make sure it's dead aligned as perfect with the valve stem as possible.