I don't plan on adjusting just one side. I also have a $10k alignment machine at my disposal so it will not be done blind. I have been doing a fair amount of thinking about this because I don't want to piss away $20 bucks just yet. I believe I will run into one of two problems. The first problem is that the cam simply will not allow enough adjustment to get my 2" lift back in spec. The other is the actual head and threaded portion of the camber bolt is smaller than 16mm to accommodate the cam which is 16mm. Since the radius arms moves a lot and is not fixed like a strut I am worried that after use it will clunk and clank around and round out the holes in the bracket. On the threaded end I could tack weld a smaller washer to the bracket but I can't do that to the head of the bolt due to the tabbed washer that the camber bolt uses. So I am not really sure if I should sacrifice some money toward learning and science or just buy some bushings.
These prolly work fine for small, light vehicles, but there is likely a reason Mr. T does not use them.
I wouldn't go this route for the reasons you mentioned. Photoman's solution (posted above) seems the most elegant in terms of simplicity.

). Caster doesn't really matter on the trail where you're flexing your suspension, your caster could be 20* off and it wouldn't matter if you were only doing 2 MPH. At 70 MPH, a degree or two can make a significant difference in handling.