setting up my acoustics and electrics ever since. just some simple tools i use, allen wrench, sand paper and file, a lung metal ruler, and a caliper.
1. I just loosen the string, turn the thruss rod 1/4 turn at a time, and 1/8 turn to fine tune. If it doesnt turn DONT force it.
2. you could see the curvature by looking from the back of the guitar, by pressing the string in both ends of the fret, or I use my steel ruler and place it on top of the frets.
3. I usually measure the string height with my caliper.
4. Check if the strings play nicely, and determine the "acceptable" fret tone and fret buzz
5. Compensate a "bit" more...since putting back the strings tension would affect your setting.
im sure there are more members here with there own tips...so just read on.