Depends what you mean "best experience". For me, I had either have my settings so that I could see water but in the Menu screen I couldnt see Link with his equipment, or put my settings so that the opposite occured. So, pretty much I would recommend using what works best for you, just fiddle with it.
But I don't Know which things do anything! some of them do just... nothing!
I want to know what some of these things do!:crazy:
By experience i mean gameplay; i don't care as much about the menus and GUI as the game graphics.