cam pulley is the things mounted on the ends of the camshaft.. reliability wise, I don't know what you mean, but the usual thinking is that more bolts = better grip, and less chances of the adj. cam pulley settings slipping.
That's why toda has four bolts, AEM has five, and S2 has (six, I think.. I forget).
And why arospeed 3 bolt campulleys considered low on the reliability scale..
Another is the machining of the teeth and pulley (roundness, teeth-gap, etc).. that one, I cannot distinguish visually, but just adding it here anyway.
The cam-pulley is used to compensate for the crank keyway's looseness due to wear, since the TDC mark on the crank doesn't actually mean the piston is at TDC, so they degree the cams and adj. the pulleys to get the cam timing exactly right.