>>>I would have expected to see some kind of abrupt change in flow as the second cam took over, yet the graph is very smooth, no indication that the valves change lift rather suddenly. Does the flow bench not use the actual cams but somehow manually opens the valves through their range?<<<
The chart shows exactly what it states. But this might not be what folks want to know or are familiar with... If you mentally look at the graph and look at the air flow at the lifts achieved by our cams (0.29 inches and 0.44 inches) you can find that step for which you were looking.
Essentially the graph shows how much air can flow though the intake ports at various valve lifts. Regardless of which cam is used. A valve lift of zero is when the valve is closed. Our first cam opens the valve a maximum of 0.29 inches. Looking at the graph for the closest corresponding lift we find 0.30 inches at which point about 128 CFM of air can flow. This would be a bit less at the actual 0.29 amount, and remember that to get to the maximum you start from zero so we move through that lift range as the valve is opened and then closed. The cam spends relatively little time right at or near the peak opening range.
On the high intake cam the valve is lifted about 0.44 inches at which point the air flow is about 142 CFM. This is less than the Honda head, but we are still ahead net-net. Since while moving toward this maximum lift we traveled through the lower lifts, which allowed more air to enter the engine than the Honda. This is as far as the head itself goes, there are many other factors which affect things such as these. Also, you can't just look at lift, other things like duration matter on a cam. Some cams open valves faster so you spend relatively more time with the valve more open.