To add to what others have said, which are all great areas to look at first....form, grip, cam lean etc.
When setting up a bow I will have already completed the above mentioned items, cam lean, cam sync, set rest and nock point to a good starting point etc. I will set my nock point to run 90 degrees to the string so that the shaft runs through the berger holes on the riser, and then for a rough setting of the left/right on the rest, nock an arrow and install in rest (in your case in the whisker biscuit) then take another shaft and hold it against the riser next to the rest and roughly adjust the rest so that the arrow in the rest runs parallel to the arrow being held against the riser as seen from above.
Once I have a starting point for the initial centershot, I will then perform a Modified French Tune:
Modified French Tuning Method: (total distance needed to complete tuning – 10yds)
Conditions: Hang target face at shoulder height. Insert nail at the top center of target, hang a weighted string (bailing twine, small rope, twine etc...) so that the string splits bull’s-eye in half.
NOTE:
In the following text, reference to “hitting the string” or similar is used. Depending on the design of the field point being used, the string maybe “pushed” to the side upon initial arrow penetration of target. In the event the arrow makes contact with the string, it will often just push the string into the target.
a. Start @ 9ft. Aligning your sight pins along the string, Fire a field point arrow.
➢ If arrow misses either left or right of string, move entire front sight housing in the SAME direction. Use small increments!
➢ Fire arrow and adjust sights @ 9ft. until the arrow hits the weighted string.
b. Move to a position 10 yds away, Fire a three (3) arrow group, triangulate the group and determine group center.
➢ If the center of the group is to either the left or the right of the weighted string, then the arrow rest must be moved in the OPPOSITE direction of the group. Use small increments!
➢ Fire a three (3) arrow group and adjust rest in small increments until the weighted string splits the arrow group in half
c. Move back to 9ft, again aligning sight pins along the string, Fire a field point arrow.
➢ If arrow does not hit the weighted string then adjust front sight, again adjust the sight in the SAME direction as the arrow impact i.e. if arrow impacts left, then move sight to the left.
➢ Fire arrow and adjust, repeat until the arrow hits the string.
d. Move back to 10yds, Fire another three (3) arrow group, triangulate the group and determine group center.
➢ If the center of the group is to either the left or the right of the weighted string, then the arrow rest must be moved in the OPPOSITE direction of the group. Use small increments!
➢ Fire a three (3) arrow group and adjust rest in small increments until the weighted string splits the arrow group in half.
Repeat this process until the arrow at 9ft and your three (3) arrow group at 10yds both split the hanging string.
Once that is complete I will then adjust my pins for respective yardages (this is not a final setting, only to help elevate lost or damaged arrows in the next tuning phase).
Now I will take two arrows, one with my broadhead of choice and one with field point. I typically start at 30 yards for this, however if distance is limited less is ok, farther is even better! I will then fire the broadhead tipped arrow first, followed by the field point (cutting head in target first will cut down on time needed to refletch or replace arrow shaft..

). Once you've fire both arrows into the target evaluate your impact of both. Regardless of where the broadhead lands in relation to the field point, you will need to bring the broadhead to the field point tipped arrow. If the broadhead impacts left, move rest to the right, if BH impact right, move rest to the left (small increments). The goal here is to have the BH and FP at the same POI (point of impact). If you have multiple corrections i.e. BH is to the right and high....adjust for one thing at a time (get either your horizontal or vertical corrected before adjusting for the other). If for some reason you are unable to get BH and FP to impact at same POI, then there is still an initial setup tune issue, timing, cam lean, correct arrow spine etc...
After getting good BH and FP POI, go ahead and re-verify your front sight again (with same POI between BH and FP, you've essentially found your bows correct centershot, and any impact left/or right of aim point will be corrected with movement of the front sight) and then also re-verify your pin gaps for the respective yardages.
Once this is complete you should be able to stack BH and FP tipped arrows at most hunting distances. The farther out you BH and FP tune, the finer your tune will be.
RE: arrow on cam..... Yes!