Jmone,
Nice setup.
I have M60, VP150, SQ8, velodyne DLS-4000 and Yamaha RX2400-V
I did the following which seemed to be best at least for my ears.
set all speakers to small.
I also had sub at -9 dB or so and other speakers at +6 to +7 dB. Thought about recalibrating with sub level turned down but have been too lazy so far, still think I will.
I used the Yamaha speaker level balance but the Yamaha EQ had what I thought was too much sibilance. I set the EQ for each speaker with my ear. I took down the levels for 1kHz about 1 dB, 2.5kH about 2 dB, 6.2kHz about 1 dB. My room is fairly reflecetive.
I think it's best to LFE output to sub.
If you have the VP150 on top of a big TV you may want to lift the back and aim it down toward the listener.
enjoy