So, I got some new info today from BC. We covered everything I had questions on.
Rear configuration/ride height/preload adjustment:
Ok so as far as ride height, the lowest they are intended to drop the MS3 is about even with the stock tires. Some may like it, other may want more. If more drop is needed you can remove the lower collar and basically just have the spring sit on the perch and plastic washer. This will drop the rear about 1/2" more.
Rear preload is set pretty specifically. You have to unbolt both the spring perch and lower shock mount. Once everything is unbolted and loose you position the spring collar at your desired height and assemble the collar/spring/donut in the spring perches. Using a jack you compress the spring to the point where both the top and bottom are in contact with the upper and lower perch. While doing this grab the spring and try and wiggle it around. Keep compressing the spring by using the jack until the point where the spring does not move vertically or horizontally. Basically you are trying to bring the spring to max rebound without being loose. Once you are there throw in the bolt that attaches the lower spring perch to the knuckle. Now you raise or lower the shock mount to line up with the mounts on the knuckle. Once you get the shock mount and knuckle mount lined up, throw in the other bolt and tighten her up. Loosen the set nut on the shock body. By hand turn the shock body clockwise, which will shorten the shock. Continue this until you begin to feel some resistance. As you are turning it, more compression is applied to the spring. The resistance you feel is the proper preload on the spring. For me it was about 10 turns. The theory behind matching the height of the shock to the level established by the spring at max rebound is that in driving situtuations where max rebound is achieved you dont want to limit the available shock travel by having it too short. The same applies to compression. If its too short you will just hit the bump stops.
Also, worth noting is to periodically check the tightness of the supplied 19mm bolt that mounts the spring collar to the lower perch. I guess people have had it work itself loose or fall out. Torque it down pretty good (they didnt have any torque specs). I tightened mine to about 100ft/lbs. If yours keeps coming loose, just add some loctite.
The front is pretty self explanatory. They are supposed to come preloaded from the factory but in case you have to adjust yours they recommend a 5mm preload compression. Basically, raise the top adjustment collar until it secures the spring where it does not move vertically at all. Once its held in place rotate the second collar until it touches the top collar. While keeping the second collar at that same height, rotate the top collar to raise it 5mm above the second collar. Once you get the 5mm raise the second collar and lock the preload collars together. Then you can do what you want with the third height adjustment collar.
I ended up removing one of the collars from the rears and adjusted the shock 15 turns up from the lowest point. I also set the front preload and dropped it another 5mm. I'm still running 12/15 but may adjust it a little softer,maybe 9f/12r.
Once they settle and I get her aligned I'll post up some pics. Hope this helps.