I just had my Rancho shocks installed yesterday, and I set them to 4 as a starting point. Im going to dial them up to 6 (thanks for the info), as they seem kinda bouncy, even for on-road use at 4.
If they start squeaking, Ill let you know. If not, then its gotta be something else- like the bushings (or something other than that).
If I dont write back soon, then the squeaks havent started.