I set the rake in the tub with the rear sponsons off the boat and use the strut on the set-up board. then I attach the rears by sitting a piece of 1/8" ply on the board so the t/e of the rears can sit on it. The strut is still contacting the board. I then use the angle meter on the top of the rears and set that to the same angle as the set-up board (Zero)
Of course this depends on the thickness of the strut tube. I have a round bottom strut that has a thin tube, so the botton of the flex shaft is about 1mm above the bottom of the rears.
I use either a 1450 @ 46mm with 3.75" cup or a H7 with 3.75" (Ozspec). Novarossi RX21 motor, SPP TD21 pipe. A friend's boat (also a FF21) uses 1450 @ 46mm 3.6" with a SPP outboard pipe (novarossi 7M), and another uses a Novarossi PLUS with a 1450 to unknown specs.
Also, the FF21 runs light on the fronts, so if's it's not, keep lowering the rear boom until it's just too wild to race with, then raise it back up a small amount. Don't forget to re-adjust the turn fin angle!!
If you have a 3rd channel mixture arrangement in the boat, sometimes richening up a few clicks for the launch can help and once it's up on plane leaning it back down again can be a useful practice. A friend uses a 3/4 throttle approach until it's up on plane rather than using CH3.