personally, i started LFS using no tools and guessing at suspension setups.
i got pretty good, but every once in a while i would hit a part of the track and the car would go crazy.
it happened most in the MRT and RAC and i hated driving them.
then i was introduced to bobs thing... project 3 or whatever...
with some common sense and time, the MRT and RAC have become my favorite cars, simply by tuning the dampers.
i really dont understand most of what i am doing here, but a general rule i have established is to tune the front to about 70% of max stiffness, and to tune the rear's FREQUENCY to be slightly higher than the front.
then i make the Front ARB something like 70-90% of spring stiffness
the rears, i make low enough that i have comfortable understeer. this is usually done on KY NAT because it has a good mix of turns.
for tuning the dampers, i initially set the bump damping to be between 80 and 87 percent of critical, and tune the rebound to get the car stable. usually, this means that all the bars for everything are barely visible and green...
as for tires, well, i start off at the stock pressure and usually lower both front and rear pressure until i feel they are heating up too fast.