Unloaded, so you either need to have the shock removed or have the bike supported under the engine to have the rear tire off the ground. Ride height is always measured unloaded, both front and rear, that's the only way to get the springs out of the equation.
Anyone know how many mm of adjustment one full turn of the shock length nut will produce? Not trying to remove the shock just for the adjustment and hoping to have a rough baseline to work with since we know what the stock length is. Thanks!