If you take a stock cam and lay a straight edge across the bearing journals you will find that the lobe peak is just under the straight edge. Doing the same thing with an after market cam with say .650 lift you will find that again the lobe peak is just under the straight edge. Now do the same thing with the base circle and the after market cam will be much farther away from the straight edge than the stock cam. That is why they can regrind a cam and still have the same spec. Does this make sense?