@TennBrewer i'm not sure if there is a right or wrong way on the valve, but here is what i do and it's yielded me a mash efficiency in the range of 85-88%. (Please note, i've done very few 10G batches but agree with you that i don't like the water covering the basket - so the below is for 5-8G batches that i do with regularity.
1) Double mill. I will run every non-flaked grain twice thru my mill set at BrewBoss recommended gap size.
2) mash with the COFI top off
3) stir in the grains before i turn the pump on, then again right after pump goes on
4) i start the pump with it throttled to about a third open, then every so often i nudge it open a bit more until it's wide open.
5) usually step 3 process is about 15 minutes total, then i throttle back the pump to a third and do a mash paddle stir and start that cycle over again (sometimes recipes with wheat clog the holes, so i occasionally use a bent paper clip end to unclog starting with the lowest holes above the liquid line and work around the tube, then move up - that tends to help keep liquid levels even with those wheat recipes. Also I do use rice hulls on just about every recipe; more with wheat recipes)
6) after mash step is done, i put lid back on hoist to top of the kettle rim for draining while simultaneously starting the heat to boil step. (I do squeeze the basket
a lot - i've read lots of comments on this and there is some opposing views, but it works for me)
Since going to this process i've yet to have a mash efficiency of less than 85%
My brewhouse efficiency is not high, but i choose to leave more in the kettle when transferring to avoid trub, etc getting into fermentor.