Not sure if it's been posted before, but our local Mini-master here in the GTA has a great little guide posted on how to set up his. His car races like a touring car, and is impossible to roll over, it's amazing watching it go. He's trying the M-03L for this year's TCS, and it's another one to watch.
I followed this link to a tee for my M-04M, and it's a great racer now.
http://rcontario.com/rcorevms2004.html