For almost every KM BB, I'd suggest running 0.2" belt and as much bulge as you can fit without losing a knot of speed. The 0.2" belt helps reduce torpedo damage. Bulge does the same thing. You won't really be able to effectively armor whore your ships (O-Pro being a possible exception), so a minimalist approach to it will help you get as much speed as you can.
There are some suggestions of running 0.2 - 0.4" deck and belt, as well as 2-4 bulkhead as a way of cutting down on crew death, but I have yet to see any evidence that this does indeed do anything. This greatly reduces the amount of bulge you can carry before losing speed, so I stick with the previous suggestion.
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