Low and even, that's how Joe likes his string height. The measurement from the top of the 12th fret to the bottom of each string is just over 2/64". There are reasons for this (See Joe's Set-up Ideas)This is low!
The final setup goes like this:
I arc the bridge saddles so the string height matches the fingerboard radius. Now strung to pitch I tighten the truss rod until the neck is perfectly straight.
At this point I adjust the bridge as low as possible and still allow 2 things: clean string bends above the 10th fret and a clean low e from the 10th fret up to the 22nd fret. Joe's touch is light so low works out fine.
Next we loosen the truss rod to create a very slight bow in the neck. I cannot say how much, each guitar has its own place that it wants to be. What we are trying to do is clean up the low strings from the 1st to 7th fret. I find this out by playing and experimenting.
There is a very tight tolerance in adjustments for the guitars to play well. Before the final intonation the nut must be lowered to the correct height. In Joe's case very low about .010 on the high e string to about .013 to .015 on the low e string.