It does have a mild cam in it. I'll post a video on youtube and give you the link real quick. If I could post a video here I'd do it but it seems only pictures.
The video was taken by me before we removed the cab and replaced the radiator mount. You might even notice the cab is mounted sideways. I also rerouted the tranny oil cooler lines which you see way up in the air to beside the frame. All wiring is now out and so is the everything else. The cab is bare sitting on the side of the house right now. It was a total mess but it's getting a lot better. I decided to tear it down completely so it'll be a reliable daily driver on a modern suspension and brake system but still a '49 F1 to cruise around in.
Here's the link :
OCT 11, 2012 1 - YouTube
If I'm not supposed to post links to youtube here let me know and I'll remove it quickly.