Oh, they're all adjustable, jmann; with some you have to press the sprocket off, and some have sprockets with slots secured on bolts.
Guys, those procedures would be fine if you're working with a stock cam at stock deck height, but sadly, except for the ones from mrriggs' machinist, the Shell #1 grind cams on the market tend to be ground a bit sloppy. Shell published installation valve events as IO=25* BTDC/ IC=45*ABDC and EO=45* BBDC/EC=25* ATDC, but real world samples usually show the intake opening ground short for some reason. My first time around with the Shell #1 I tried spreading the error, and that didn't end well; wound up short shifting a lot. What's worked best for me is to bias the timing toward the exhaust opening, retarding the intake opening and letting the closing events fall where they may; I wind up closer to 20 * BTDC intake opening than to 25 (my cam, by the way, was bought from Shell, not his successors). As Gary Hoos has noted, the typical misgrind doesn't seem to hurt power. Anyway, I don't like to take anything for granted trying to dial in the Shell cam, even the 2* or so of error that's not unusual for the factory marks. Jmann, I'd recommend that you lightly secure the cylinders with a couple of spacers and nuts and set up a dial indicator on a piston crown. Take a degree reading at .050" drop on either side of TDC and set your mark in the middle.