I don't think anyone's made a detailed walkthrough for LFS cars, and I'm not knowledgeable enough to make one myself.
I use it mostly to find values quickly, usually I do something like this (let's say for XRG):
- pick front suspension natural frequency depending on track profile, between 2.2 and 2.5Hz for road cars
- select rear frequency a couple of tenths higher (I tend to aim for around 55% rear balance from springs)
- set dampers to between 65-100% critical rebound, to suit the track profile
- in live settings change values to maximum lateral suspension deflection at a speed common to the track I'm setting up for
- adjust ride height to as low as practical
- aim for about 1 deg/g roll angle with ARBs, so that the overall roll stiffness is 50/50, with around 2.7-3kN front stiffness
- in LFS, guesstimate pressures and camber; copy drivetrain, brakes, steering from some other set
- drive some laps and adjust rear ARB and dampers to fine tune handling
Though, for all I know I could be doing it very wrong