Ride height should be adjusted using the collar. The rear should not be dipping or dragging it's ass.
Droop - it's important to make sure the droop screws limit the downward travel of the arm before the shocks reach the full limit of their extension.
The shock oil weight is largely down to personal preference. However, if you go too thick, you can damage shafts and blow seals.
On my rig I run:
Shocks
600 Front, 500 Rear
Diffs
20000 Front, 100000 Centre, 10000 Rear.
With a 6S Battery, my rig runs with the arms horizontal when dropped onto the bench. This is how I like to run it generally.
For hard surfaces, I may actually let the car run a little lower. I can do this by reducing preload or by using alternative shock positioning. To reduce grip roll on high traction surfaces - lay the shocks down a little.
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One of the cool things about running an onboard camera is analysing the effectiveness of the truck's setup.
I've always been mightily impressed with the Corally's handling, response and balance.