As far as i am concerned, high cams refer to high degree of cam lobe, which enables your car valve lift to be lifted for a higher duration of time, and hence more fuel and more air into the combustion chamber at one cycle time compared to stock cams. They come in various degree, such as 252,272,and some at300 degree region.
As for the cam pulley it adjusts your engine(somethign to do with ignition timing i guess) so that it have diffrent broadband of power, eg more for pick up, mid range or high end. But you can only choose one.
Correct me if i am wrong, just my 2 cents