Modernbeat, generally what you say is correct. Keep in mind a few things: the OP said that he has the SM suspension, which implies that he has rubber bushings and not alternative materials, and SM spring rates are spec'd at 700F/350R with a spec Bilstein shock.
If you go to the SM site and read the Daniels set up process, the first step in it is to set the ride height, which is (IIRC) 5.25, then adjust the corner weights to a 50% cross, and then set the alignment once the others are where they need to be.
Daniels also stresses (and I mention) that this is a good baseline to work from. For the first season or two that I ran the car I used his settings only as I learned to drive the car better. Only in the last season or two have I started to deviate from that. For example, depending upon where I am, I will raise and lower the car to taste. I ran at Pocono North last week, which is relatively smooth, and set the car about a half inch lower than that. If I get to Summit this year, which is bumpy, the car will come up in height.