Your shock settings depend on how you are going to use the bike. There are three things - load, spring rate and damping. If you carry a pillion passenger on a bike which is set up for solo riding, you wull usually get too much oversteer. As the back of the bike goes down, the rake on the steering head increases, and that increases the trail. More trail gives you oversteer, less trail makes the bike more difficult to tip into corners. When you set up for solo riding, you need springs which are soft enough to allow the rear of the bike to squat and give you oversteer if you accelerate in the middle of a corner. That way, if you go in too hot, you can recover. Then the other consideration is damping. You need enough damping to stop the rear end of the bike from jumping as you ride down the road, it can make the bike feel twitchy and destroy your confidence. If you have too much damping, the rear end can pump down and become too solid. Then you lose grip at the rear tyre contact patch.
If you are trying to set up a bike for road use, you are at a disadvantage, because the conditions do not usually repeat. On a race circuit, you do the same things many times over, so it is easoer to detect differences as you change the settings.
When you road race, the suspension settings and gearing are often changed to suit the circuit. For tight circuits, soft suspension, low tyre pressures, and low gearing are usually better, but it depends on the ratio of straights to corners. If your bike is underpowered, you need to improve your cornering. 5 MPH in a corner can be worth 10 MPH down a straight And if you corner faster, you do not have so much to make up on the straights. When you get passed, it should only be towards the ends of the straights.