I haven't degreed my cam yet but what I did was before I welded it up, I marked a line from the top at the highest lift down to the base on the side of the lobe so that I know where it was centered as default. I shaped it based on that center line, adding material evenly on both sides.
The good thing with having .500 now is that you have plenty of material to work with.
If you have heavier springs, make that lobe fat. You can increase the valve opening and closing speed by adding more to the incline and decline of the lobe. Use common sense though, it can only open and close so fast before it'll fatigue very quickly. The faster it closes, the harder its going to slap the valve seat, etc.
You can also print out degree wheels online, which you can mount to cereal box cardboard or something plastic. I'd bet you it works just as well.
Good luck.