I agree with all above! There might no be any holes along the trailer, Mine has never had any! So its best to measure from end of traiker to were you adjust to and do the same on te other side to be sure both sides are the same.
Also look at the bolts and stuff as if they are to rotted it will be better to cut them off and replace with new! A 4" grinder is every boaters friend!!
i don't know what it comes to but have always heard 7 to 10% total weight is a good tongue weight,
Good Luck!
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1986 V20 
Old Fishermen never die, we just SMELL that way!!
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