we all have slightly different ways of working, but most of it works out the same.
I go by tip deflection, Badger goes by draw, but we had a long discussion on another thread and it all worked out much the same.
I wait until the tips are coming back about 6". But like Mike says, that's with a good tiller!
The tiller can change a bit once braced as the pull is at a slightly different angle. So once braced you need to keep a carefull eye on it as you apply that full weight again.
40# on a braced bow is a lot more strain on the wood than 40# on the long string.
I've had a Warbow 100# on the long string no prob.... brace it and it exploded at 100#
Del