Hey hotsauce, err, Tobasco...
"Base settings" on any suspension is quite exclusive to the individual. It is probably best to first figure out your base and then go from there. This all starts with first determining whether your ready to ride weight falls within the proper spring set up on the bike. If you are heavier than the spring rate set up on your bike there is no setting that will adequately create a proper handling motorcycle. Likewise, if you are lighter than the supplied set up. Most modern bikes are coming with spring rates for an approximately 185 pound rider. I do not currently know the spec of the spring rates provided on our bikes as I haven't delved in yet. That is coming this week now that my 9 day work marathon is winding down.
Once this has been determined you need to set the bike up with its static sag settings. This is done with you on the bike, ready to ride, and is usually set to put either end of the bike to a position that allows the bike, fully weighted and upright with you on it, to statically utilize between 25-33% of the available travel of the suspension. Our steeds have 7.48 inches on both the front and rear so you are looking for somewhere in between 1.875 inches and 2.475 inches of static sag at either end. I made my math easy and used 7.5 inches for my quick calculations.
If you know that you tend to like a firmer suspension hedge closer to 1.875 and of you tend to like a softer suspension hedge toward 2.475.
Once you have this you should set your compression and rebound on the front and rebound on the rear at their mid points and you can now begin as this is now considered YOUR base setting.
Understand that if you find you need a different spring rate more than one step from the stock set up, up or down, your compression and rebound settings won't be optimum as the shim stacks for the valving are not set properly due to the different springs you have installed and the oil height and weight may not be optimum either. For the most part, unless you are super anal and/or planning on going to a track you will find an adequate setting but understand that regardless of what you do suspension is a compromise.
Identify a section of road that is going to be representative of your normal and most often ridden in/on type of road whether that be on road, off road, smooth pavement, choppy, etc. This is now your personal test track.
Get yourself a log book, log every single thing you do starting with your above base settings.
Go ride and make mental note of what you are feeling. Sharp hit jolts, wallowing, packing, running wide, difficult turn in. Depending on what you already know as it relates to suspension set up you will have an idea as to what to do next. If you feel limited on your skill set as to what an adjustment does then go back out after moving ONE adjuster to the extreme of its adjustment range, ride, repeat analysis. Now take that adjustment and go to the opposite end of its adjustment and feel the change when you ride, repeat. Do this for all available adjustments, write the feeling from each individual one in your log book, and you now have an excellent resource and base to what you are doing when you adjust your suspension.
Return all the settings to YOUR base and you can now start to go out and ride your "test track" to make your bike handle and perform like you want it.
Google up suspension set up, etc. and you will find a plethora of information and ways to go about getting your bike dialed. I will reiterate the most important thing I can about suspension, write it down and log every single change you make. Make only ONE adjustment at a time and understand what that has done before moving on to the next.
Suspension is looked at, quite wrongly, as some form of black magic and a black art but, in reality, if you have an afternoon and one good assistant to help with your static set up and its measurements you will find it is nothing remotely approaching that.
The below link is one outstanding book to understand most everything suspension you never wanted to know and needed to know;
http://www.cycleconnections.com/articledetail.asp?TypeID=33&ID=1384
I also plan in the future to be contacting the below suspension guru when I go with my rebuild. I am around 220 pounds ready to ride so I know I am beyond the rate range supplied stock for my Tenere. SuperPlush is a KTM Adventure pro and I have no doubt that he will soon start down the road of looking at our Tenere since they perform similar duty and have similar suspension types.
http://www.superplushsuspension.com/