I set mine to 3 balls only, with extra balls at 25M, 50M, 100M, and 200M.
I moved the outlanes (though it doesn't seem to make a difference).
I've had 3 or 4 games in the 140M-150M range but can't break 150M yet.
Also set the pitch to 7 degrees vs 6.5% recommended.

100% factory settings with the outlanes moved in. In my experience, I agree with Chambahz, doesn't make much difference.

+1. This is the only game where the ball seems to NEVER hit those outlane posts. I bet removing them altogether wouldn't shorten ball times by much.

What are the rumors saying that the new software update is going to change/add? Is there a link to a rule sheet that anybody made? I found one on here but it seemed incomplete.

For me, factory settings and middle outlanes, and I never play more than 3 ball and usually set replay and special to award an extra ball on all of my machines.

I changed my cannon to be unlit at the start of the game. I set it to two FIRE to light it the first time. I don't like the way you don't have much chance to build a SJ before you have to shoot for the first SJ.

Other than that, factory.