I dont own the OPs shock or any Fox product, but I always refer back to these tips from the Ohlins suspension manuals:
If the bike feels
• unstable
• loose
• bouncy
→ Increase rebound damping
If the bike feels
• hard
• nervous
• low traction
→ Decrease rebound damping
The low speed adjuster is used to control the
chassis movement towards the ground.
If you feel that the shock absorber feels soft,
spongy, or the bike feels unstable (for example
when going into a corner), close two clicks
(clockwise).
If you feel that the bike feels hard and has poor
traction, open two clicks (counter-clockwise).
The high speed adjuster has three positions,
I soft, II medium and III hard/pedal platform.
The shocks are delivered with the adjuster set
to position II. This is the best all-round set up
and has the function that should suit most riders
and tracks.
If you feel that the shock absorber is hard and
harsh on small bumps and corners and have
poor traction for the rear tire, go to position I.
If the bike feels soft, has a low riding position
and easily goes through the stroke or bottoms
on landing after a jump, work with low speed
compression and spring stiffness.
If the bike feels
• soft
• low
• is bottoming
→ Increase compression damping
If the bike feels
• harsh
• hard
→ Decrease compression damping
I’ve noticed the back gets a bit squirrely on fast flat out runs, and tends to bounce around bit when mashing the pedals in bigger gears. Slow speed traction is all good.
Not sure if this helps the OP as for when going fast it says to decrease rebound dampening but for bouncy it says to increase it! But anyway, hopefully this helps…