If you use graded paper (fixed contrast), set it all to 0.
For VC paper you use the yellow and magenta dials to change the contrast. I also use the fourth wheel, the white one, to fine-tune the light output so I can make all prints at the same exposure time. I use a cheap Ilford EM-10 to measure the light - set it to a fixed value, put it in a highlight, then adjust the neutral dial until the diodes flicker. Then a 10 second exposure gives the same highlight value at all contrast settings.