How to properly adjust Look Keo pedals What is the best way to adjust the Look Keo pedals (mine are standard edition) so as to provide good grip, but with minimal wear on the cleats themselves? I use RED Keos.

Thanks
If you're never walking on the cleats and can track-stand at junctions and traffic lights they should almost never wear out. 

There is minimal wear clipping in and out. The reds are 9 degrees of float before unclipping which may increase the wear though. I use the black cleats (0 degrees) and I wear out the bottom of the cleats through walking and stopping/starting long before I wear them out from riding. In fact, I'm on only on my second pair in 4 years.