Really it's what works for
you. There is no right or wrong as long as it works for
you.
I stick real close to what's on Fender's Mr Gearhead page and adjust for feel for that particular bass. I use a spark plug gapper to measure relief between .014 and .018 at the 8th fret with a capo at the first fret and my finger pressing down at the last fret.
Then I measure the string height at the 17th fret (no capo). B string is about 3/32 (or slightly higher) and G string is about 1/16 or (slightly higher). Of course that's top of fret to bottom of string.
It's a good thing to learn how to do this so you can set up all your basses for what works best for you.
If you check it every month or so you will get real familiar with setting up your basses the way
you want them.
BTW I'm a fingerstyle player, no slap.