Fender publish their recommendations online about setups. This is an extract which may help.
Neck Radius
7.25". .014” (0.35mm)
9.5" to 12" .012” (0.3mm)
15" to 17” .010” (0.25mm)
ACTION
Players with a light touch can get away with lower action; others need higher action to avoid rattles. First, check tuning. Using a 6" (150 mm) ruler, measure the distance between bottom of strings and top of the 17th fret. Adjust bridge saddles to the height according to the chart below, then re-tune. Experiment with the height until the desired sound and feel is achieved.
Neck RadiusString Height Bass SideTreble Side
7.25"
9.5" to 12"
15" to 17"7/64" (2.8 mm)
6/64" (2.4 mm)
6/64" (2.4 mm)6/64" (2.4 mm)
5/64" (2 m