IME experience, it really doesnt matter. the whole purpose of that valve is to maintain the flow out of the chamber at a constant speed and allow for easier adjustment and consistency of the water level inside the skimmer.
FWIW, After about 2 yrs tinkering with it I finally ditched the valve. I found that restricting the output will force the skimmer to overflow. What happens is when for whatever reason, the pump starts pumping more gph, the gate still only allows so many gph out. So that additional flow has to go somewhere, and it go's right out the top, and overflows the collection cup. Various things can cause the air/water mixture to change, from stuff you add to the water, to salt creep getting down in the air intake, bugs getting sucked in, general buildup of crud in the venturi, etc. As a matter of fact, just the other night I was doing something and I noticed the skimmer output velocity suddenly increased for about a minute, then went back to normal. No big deal, it didnt even really effect the foam head. Had I had the valve, it would have overflowed.
Since ditching the valve, I have not had 1 overflow in the last 2 or 3 yrs.