These won't want to go by torque the way a pinion set does. They've got a "crush spacer", that after it's "crunched enough", kinda acts like a spring, so you essentially set a "maximum" preload and the spacer maintains it. These on the other hand, have no allowance to allow for bearing heating (which happens first) and spindle heating (which follows the bearings but only in due time).
Being tapered rollers, and assuming that they are "decent" or better bearings (not "junk", but most certainly not high end) that means that they probably don't want a lot of preload. They do want to be "pushed in" with excessive preload, just like tapered wheel bearings on a trailer, or on an older rear wheel drive car. Any time one of the pressed races is disturbed, you want to run them down until they barely turn by hand, then turn them, then release the tension. (If you have not moved any press fits, it's not necessary, but it sounds like you're on that already).
I'm not gonna pretend to be the engineer who built this thing.... But I'm going to say that I suspect (don't know, but suspect) that these do not want that much preload. Probably a little more than a "light" preload, but not much. And they're greased, not oiled... I'm gonna speculate it's probably in the "one thousandth or below" range that's ideal. But I'm speculating based on photos, I have NO IDEA what materials or specific bearings are in there to calculate pounds of preload, so in the end you will HAVE TO TEST, but this will get you close- And use judgement- If this feels tighter than it used to when you hand spin the quill, back it up some regardless of what I've said... it MAY be that this spindle is more rigid than I give it credit for, or I've mis-estimated the angle of the rollers by more than an acceptable margin...
You can't really measure preload in a home shop environment, so the way to "infer" it is this. Start at the loose position, where you can measure a few thousandths of end play. (Axially, in line with the spindle.) Then, incrementally, work down until you can "hit" zero end play exactly by turning the nut in carefully controlled amounts. It'll be small amounts.
Next question- What's the thread pitch of the spindle where that spanner nut tensioner ring screws on? (I don't care about diameter, just the thread pitch). The next step is going to be to divide that nut into useful increments.
Huub Buis got in there in front of me, and that advise is not wrong... But if you're used to automotive rear ends and wheel bearings, those are kinda a different animal, they don't necessarily feel the way you'd expect these to. (Or maybe you've buggered with enough different ones to have a feel. I dunno...). The way I'm doing it (measuring as close as possible and calculating as little as possible, but still as much as necessary) is a good way to quantify and develop some "feel" for what's going on.
Either way, in the end, short of a proper engineered solution, you MUST watch the bearings for heat or chatter, (although "slightly warm" after significant operation is a good thing) and be prepared to adjust accordingly. Working out a known (even if approximate) amount of "nut turn" to "preload change" is a valuable tool to react to any abnormalities, should they occur.