I also wanted to answer the question that you had about your Shadow and Highlight point values:
I set my default points as 4,4,4 and 250,250,250 for black and white points. Was that a mistake? Should I go to 0,0,0 and 255,255,255
I'm going to suggest (contradict Greg ;)) that it would actually be better to set these values to
0,0,0 and
255,255,255.
Greg is quite right that when it comes time to print an image, you will definitely need to adjust your shadow and highlight values. You will need to make these adjustments to ensure that the printer does not apply too much ink in the shadow regions of your image (which would cause them to block up), and to ensure that a small amount of ink is applied in the very brightest areas of your image. The reason that your highlights should be printed with a slight amount of ink (so slight that you won't actually notice it) is because otherwise a phenomena known as Gloss differential becomes a problem (you can read about it here:
http://www.johnpaulcaponigro.com/downloads/technique/technique.php#printing - it is article number 20).
Will your eventual shadow and highlight values be 4,4,4/250,250,250? Possibly - but if you're doing any printing it is worth checking this. A printer evaluation image - and a guide that explains exactly how to use it - is available here:
http://www.outbackprint.com/printinginsights/pi049/essay.html.
The point to understand is that whichever values you discover are appropriate for your printer depend upon the combination of printer/paper/inks that you use,
and the way that the printer driver is used. If you make your own prints, you may buy a new printer at some point, or you may discover a new brand of paper in the future. If you send your images to somebody else to print the same things will apply - and you may switch printing companies.
If you do any of these things then your Shadow and Highlight values will change.
The best way of guarding against all this potential trouble is to create two copies of the files that you consider important enough to print. The image file that contains all of your layers and adjustments, should be saved as a .PSD file (because PSDs will retain all of your adjusments); the file that you send the printer should be a flattened TIFF with appropriate shadow/highlight adjustments - to 4,4,4/250,250,250 (or whatever actual values you need).
Why two files? By creating a master file (the PSD) that doesn't attempt to compensate for printing conditions, you can change printer, paper, or ink without penalty. If you switch to a paper that can handle values of 3,3,3/253,253,253 then you simply throw away the (output specific) TIFF, save a new TIFF from the master file, and apply the necessary adjustments (the '
Output Levels' boxes in the
Levels dialog box are designed for exactly this purpose).
Why PSDs and TIFFS? PSD is a great file format for your master file because it retains everything that you have done to the original image. TIFFs are good files to send printers because they don't discard visual information the way that JPEGs do.
I hope that I've helped - if I've just made you more confused, or if you (or anyone else) have any further questions, I'd be more than happy to clarify anything.
Cheers,
Lee.