Dude, proper SAG and stuff?
Well there is a manual for Model Year 2000 Monsters on ducati.com that give the correct damping setting for the 750 but nothing on default preload or rear ride height however.
http://www.ducati.com/en/bikes/service/manuals/2001.jhtml?family=manualsBasically the only thing you can do is increase/decrease the preload on the rear spring and that should affect sag. If you can't get exactly what you want then you will need to change the spring rate i.e. change the spring
What sag should you use? Thats up to you, but the following link explains a ball park figure to aim for.
http://www.gostar-racing.com/club/motorcycle_suspension_set-up.htmHaving said that may be worth splashing out on a new rear shock/fork oil change since it is likely the damping is past its best after 9 years.
Additionally it is generally recognized that increasing the rear ride height may help speed up the steering, at the cost of some stability. It is something to do after you have got the suspension working properly. The ride height is not the same as SAG
Hope that is useful!