If the cam sensors are bad, you should get a code fairly quickly... even after you just cleared / erased the codes.
You can check the cam & crank sensor waveforms (sample from 4cyl engine)... this will tell you if the sensors are producing a signal and if the signals are "in sync".
http://www.youtube.com/watch?v=EeHqUwtsFHE
Current Ramping of the fuel pump will tell you if the contacts inside are OK: (VW Jetta sample)
http://www.youtube.com/watch?v=7HHoDhR47ZI
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