no engine 'has' to have the cam degreed in. most guys just line up the dots and don't degree in their cam even though they call their engine balanced and blueprinted.
slapping it in there lining up the dots and assuming it's on zero will get you close. probably within about 6 degrees.
a rule of thumb is advancing the cam will give you more low end and midrange, while retarding the cam will give you more top end horsepower but at the expense of some low end torque. For a torquey low/midrange engine sometimes it is desirable to install the cam 4 degrees advanced. Some cams come ground with 4 degrees of advance already built into it so you install it straight up and its advanced 4*.
When i degreed in my cam on my big block, simply lining up the dots with the 0* bushing it was actually 6* degrees off- too advanced. So putting in a 6* degree offset bushing retarding the cam made it line up with the cam card specs, and i was getting the most hp out of the cam that i paid for.