JP, the cam on a 1500 is same as most of our engines, David Anton makes two street cams for 1500, I would say stay in the .400" lift area, and the duration in the 270-280 range for the street. Here's trick with 1500 when rebuilding and repalcing a cam, go with the Triumph 1300 cam, and then you can put cam bearings in your 1500 block, all BL did with the 1500 to delete cam bearings was make the cam journal big enough to fit the block minus cam bearing, so you can convert your 1500 block to cam bearing by simply getting the 1300 cam, and cam bearings from the 1300 Spitfire. The thrust bearing deal, it's not ideal, but it can be easily managed by keeping your foot off the clutch pedal at red lights, racing Triumph 1300 and 1500 don't have any thrust bearing issues, but they don't sit at red light, do they.
The poor ole 1500, has never really been given the love by the masses, but make no bones about, it has plenty of potential, Steve Sargis is proving that on the race track now with it, Sargis is easily the best American amatuer Triumph racer to ever hit the track. People build 1380cc A series hot rod engines all the time, but no one show the lowly 1500 the same attention, getting 1600cc out the 1500 is not that hard, and if the same love is shown it as the 1275s and 1380s, then a hot rodded 1500 would kick their butt. The 1550 as stated will not out rev the A series engine, but it will easily out troque it and has much greater HP potential. Mostly it was never raced and developed because the rulebooks didn't favor it well.