I found these settings here: http://forums.thevmc.com/bb/forums/thread-view.asp?tid=85419&start=1&highlight=Lloydz+VFC-III+Atom+Bomb&highlightmode=1

So far they have worked well for me.  Honestly I haven't tried bumping up the Red.  

Since then I found KevinX's way to manually do it and would like to try it as well.

"Start with all the setting off or to the left.

Find a nice clear “closed course” to do the setting on.

GREEN:

Run steady at 30 mph in second gear. Add fuel to the green until the surging stops, then add one full point

YELLOW:

Run steady at 30 mph in second gear. Smack the throttle and concentrate on the acceleration feel. You should notice it getting better as you add yellow. Keep adding yellow until the acceleration feels mushy, then back off one full point from that setting.

RED:

Generally green plus one full point. If you want to play with it beyond that, try running at 60 mph in third gear. Do a hard roll on and concentrate on the way it pulls and how hard it pulls.

GREEN-BLUE:

Leave off. If you have read Lloyd?s instructions you know what this setting does and if you need it or not.

RED-BLUE:

Generally 2.5 to 3.

YELLOW-BLUE

Generally 2.5 to 3."