I have 2.5" OME. I read multiple sources that it should only lower 1/4 inch, so I think I will start there.The amount you lower the LSPV valve down the frame and/or adjust the nut at the axle depends on your individual lift. It takes some tweaking to get it right without multiple brake pressure gauges. For a 2.5" to a 3" lift I would recommend starting with a 1/2" drop of the valve on the frame (I accomplished this by using nuts as spacers between the frame and the valve) and then tweaking the nut at the axle starting from the bottom. The higher you raise the nut at the axle the more brake force is applied to the rear wheels.
If you don't have a lift, I don't think you'd need to mess with anything except adjusting the nut at the axle.