Depends on what type of launch you are getting at the moment. It's going to be pretty much a "suck it and see" approach. I offer the following advice with the proviso that, apart from a few passes on a TZ250 race bike, I've never done any drag racing.
If it's bogging down then I'd set the launch RPM to 500-1000rpm above peak torque, and set the deactivate value < 10 (on the Caldina each VSS pulse = 1/4 wheel rotation ~ approx 0.5m at 100% traction).
If you're traction limited then I'd set it to just below peak torque and set the deactivate value high.
If you're getting a smooth launch then setting it slightly above peak torque and a medium deactivate value.
For the ignition retard value, I would start at -10 and see how fast the boost builds. If you were traction limited before you may want less boost so a value of -5 might be more appropriate.
Bear in mind that you should now have boost at launch so what may have been a smooth launch will now be traction limited.
That is where the deactivate point comes into play. Basically it acts as traction control so that you can't rev any higher than that setting until you've rotated the wheels enough times, set it to a higher value to control wheelspin off the line, lower value if you're not spinning the wheels.
For now I wouldn't bother with power shifting, it's not really good for the drivetrain and is probably worth a lot less than getting the launch correct.