The method that I use is the one shown to me by Jack Sheeks.
Balance the model on the bench for a correct Fore/Aft CG location per the plans.
Hang the model by the leadouts. The model should hang slightly nose down, Fore / Aft CG. Adjust leadout position to obtain the slight nose down condition.
The wings should hang vertically, Vertical CG. Adjust the height of the line guide as required.
I did this test on the Ringmaster Trainer and found that the outboard wing was going to fly high. Lowered the height of the leadout guide 1/4 inch and it helped, Lowered the line guide again 1/4 inch and got it almost perfect.
Jack showed this to me when I finished up a CL Scale F/A-18. It needed a line guide about 4 inches in front of the wing tip and 1 inch above the tip.
Clancy