Son I was building and racing engines before you were born. Don't need to find and read old magazines. You asked about grinding a cam, nothing more, and I gave you my opinion based on the question asked. Now if you want to do everything on the list you just provided, and dump several grand into an antique engine while doing it, yes, you can gain 15-20hp. Not much gain for the money spent but hey, it's your jeep.
RussellL - If you grind off metal on the low sides of the cam lobes and leave the high point alone, then adjust the lifters to make up the difference the effect will be a higher lift. If you grind some off the low sides and also grind the top off the lobe the effect will be a greater duration. The problem is the cam needs to be re-hardened because of the mushroom lifters or the lobes will wear off in a jiffy since the hardened surface was ground away. Not many shops will tackle it and it wouldn't be cheap.
Larry