I have a 3500 so my rear suspension has more stiffness than yours, but here is what I found works (and I think I used
@Brutal_HO 's suggested order but maybe it was someone else). I may not have every number right off the top of my head but they should be close enough for reference.
The truck unloaded, with normal ride height will have I think 2" of rake where the rear fender is higher. Using normal height mode and knowing my hitch weight was about 1000#, I used the rule of thumb of have your unloaded ball height about 1/8" per 100# of hitch weight, above the top of your hitch's coupler (I don't remember where I got that rule of thumb from though but I've used it on past 2 trailers). The truck and trailer must be COPLANAR for this first hitch setup, don't use a bubble level, use frame height measurements on the trailer, as some parking surfaces may have a slight grade and if you level the trailer it wont be coplanar with your truck. I set up my shank holes to get this desired ball height once verifying trailer was coplanar to the ground.
Then I hooked up, no WDH. The rear barely squatted, and the front fender only lifted I think 3/8". I wasn't focused on the rear though because I know it will drop level when I set the alt height mode. I wanted to make sure my front came down after applying the tension. I lifted the hitch+truck using the tongue jack (you can hear the air suspension doing something, either fighting or entering jack mode, not sure), got the spring bars loaded then dropped back down and set the recommended tension (weighsafe hitch will tell you how much using an app). I measured the front fender height and indeed half of it was restored.
Then I set the alt height mode in the truck. Once it was done, I measured and front and rear fenders were height matched, no more rake. Trailer was level (within my measurement tolerances, and shank hole quantization). Trailer may not be perfectly level if shank holes adjust only every 1.25" or so, but it needs to be the closest hole you can get.