If you're willing to invest about an hour and a about a dozen sheets of paper, just try it.
Make drydown test prints for only the highlights, and then for everything. How much dry down? I'd suggest making prints of each type (highlights-only and all-values) at -4%, -7%, and -10%. Let them dry while keeping your "reference print" wet (although you can re-wet it later and it works). Compare. One test print will probably match (-10%, I'll bet). If you find that the right one would fall in-between two of your tests, interpolate but test no more (life's too short to spend testing). And given a choice of whether it's, say, 8% or 9%, I know I print a little dark, so I personally would opt for a hair more drydown to compensate, and happily use 9% forever (at least until they discontinue THAT paper...).
Which to use: highlights or all? Look at the prints and decide which one you like. But you'll be making an informed choice by LOOKING at what the materials actually DO, rather than by taking my advice based on my aesthetics.
It's a worthwhile test to do -- post your results here, I, for one, would be really interested in what you learn. Before I go and do it myself (gotta learn split printing first).
Thanks for a great question!