FWIW, someone recently inquired with Rancho, and they said the dial adjusted both compression and rebound.
If you want plush, you will need to find a softer spring. The super-stiff springs on the VX mean you can have a soft and bouncy ride (springs stiffer than shocks), a hard but balanced ride (springs as stiff as shocks), or a just plain hard ride (shocks stiffer than springs).
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