A nock high tear usually indicates that the top cam needs to be retarded and/or the bottom cam needs to be advanced. But your photo shows that the top cam is already behind the bottom cam, so there may be other issues at play. Two things I would recommend before continuing with cam timing adjustments:
- Check for vane contact. If your rest isn't falling fast enough or is bouncing back after falling, vanes could be hitting the launcher and causing the tail of the arrow to kick up. Coat the edges of the vanes with a distinctly colored substance (lip stick, silver Sharpie, spray foot powder) and check for traces of the tattletale substance on the rest after shooting. Alternatively, you could shoot a bareshaft through paper and check the tear. If the vertical tear is significantly less with a bareshaft, that would suggest you're getting vane contact with your fleched shafts.
- Put the bow in a vise with the string perfectly vertical (plumb) then nock an arrow and raise the rest. It's generally recommended to start with your rest and nocking point positioned such that the arrow runs level through the Berger hole (threaded hole in the riser used for mounting the rest). A nock high tear usually indicates that the rest needs to be raised and/or the nocking point needs to be lowered.
When adjusting cam timing, are you making adjustments in the smallest possible increment (i.e., adding/subtracting a half twist to just one cable)? I haven't worked on a Triax, but it's surprising to me that plus or minus a half twist would make a major difference in timing like you're describing.
Centershot refers to the horizontal distance from the riser to the center of the arrow. Mathews recommends a centershot measurement of 13/16"±1/16". It's true that changing string/cables doesn't change the riser geometry, but new string/cables are likely slightly different in length than the old ones, which can necessitate adjustments to the rest, cams, etc. to get the bow tuned. If your paper tears are perfectly vertical, there's no reason to suspect that your centershot is off.