GREAT QUESTION
the .050 came about to have at least one way to compare cams and a way to degree cams in
I'll post later on the problems with .050
As I've shown above advertised hydraulics measure duration at widely different lifts off the base circle
I showed Isky using .009 on the opening and .010 on the closing- Engle using .008. Comp and many others using .006 and Crane .004
If Isky had used Cranes method that 304 cam would be over 320.
The white box cams ELGIN, Sealed Power, TRW, etc use .006 off the Valve seat which is the best way to compare as it factors in rocker ratio.
This is called the SAE method. With a 1.5 rocker Crane at .004 at the lifter is the same as .006 at the valve.
So you have to have a feel for the fudge factors to compare advertised durations
And, Saving the Best for Last, CHRYSLER and MOPAR use a different and unique method...not comparable with any of the above but consistent across the Brand