Does anyone have a test procedure for the cam position sensors?

 

Most mechanics will just substitute a known good one. Some cam / crank sensors are nothing more than a coil of wire wrapped around a magnet, and can be tested for continuity with a meter. Since many cars will still run with the cam sensor disconnected, you could observe the output of the sensor with an oscilloscope.

 

mistermike is correct, you can check continuity with a meter. That will give you the status of the pickup coil. To check the function of the sensor you can use a digital logic probe (available for under $20). The typical sensor produces a very low voltage pulse as a metal plate passes in proximity of an electromagnetic coil. The logic probe is sensitive enough to detect this signal. However, with the car running the pulse may appear as a solid light on the probe. At cranking speed there should be a distinct pulse from the sensor.