none of you seem to tackle camber angle in a logical manner so I will try despite being a noob.
adding more camber increases traction during cornering. this is well established.
during drifting your car slides sideways. the lateral force is at its extreme and thats where camber most effective.
in my opinion camber is the most important drift setting. imagine you are drifting (in rear drive of course). as you start to slide sideways any camber on the tires will resist lateral motion. whats the point of drifting? getting your ass out! i start with 0.5 on the rear and adjust down to get almost unlimited oversteer. The back wheels are spinning thru the whole corner (i hope) so that leaves your front wheels to do the steering. having grip with the front when you want it is essential for control. i start with 3.0 front camber and usually end up 3.5-4.5.
having this high front camber allows you to point your car where you want. it makes counter steering MUCH more effective. why? when you counter steer the wheels are pointing in the direction the car is moving, this negates the front camber. Turning the wheels back toward the inside of the corner lets you utilize as much of the camber induced grip as you want (because the side of the front tire is now facing forward). The more grip you add to the front the more the rear wheels slide out. Return to counter steer and add throttle and now you can push the car in the other direction.
basically, front camber is the key to smooth adjustments to your drift angle. Drift is all about being in control of the car.