Always degree in the cam.
And it does not matter so much what wheel you use, as long as your reference/zero point does not change during the measurements.
I print my own degree wheels onto A4 paper, cut it out and laminate it. You cna have it any size, But remember a larger wheel, will increase the accuracy of your measurements, It is hard to discern 1 degree on a 3 inch wheel. But on a 30 inch wheel you can degree to seconds of a degree with ease.