I should advance or retard the cam until i get the highest compression reading. This a good rule of thumb??
Ehhhhhh....sorta. lol It all depends on what you're doing. You don't wanna keep advancin it til it won't ru on pump gas. MOST of the time, what will happen is you keep advancing it until the cylinder pressure drops off. BUT, depending on how the cam is ground, that don't always happen real quick. It's somethin you kinda have to have done a number of times to get the hang of it.
Do some of you guy's actually install the cam, put the engine together, drive it, then take it apart, change the centerline, and do it all over again?
Really??
No. Nodoby said or even implied all that. Like I said, it all depends on your level of skill. Most people simply degree the cam where the timing card says and leave it at that. And that's a fine way to do it. But there's more tweakin to be had usin that compression gauge in conjunction.
Can't the cam manufacturer tell you what to install it at if you provide your combination?