THX equipment is designed to run at a 80Hz crossover, so when the LFE (subwoofer) output is set on the receiver to 'THX' it will set it at 80Hz. That is most likely defeatable in your receiver by switching the subwoofer to non-THX (then you can still use THX modes).
Your speakers and subwoofer are designed to be run at 80Hz crossover, and I'd leave them at that. Higher crossover points can increase localization issues. 80Hz is actually, in my opinion, a fairly good starting point for a subwoofer crossover.
When you use your receiver to provide the satelite to subwoofer crossover, make sure on the subwoofer you turn that knob to 'bypass.' That will bypass the internal circuit on the subwoofer. If you set the receiver to 80Hz and the crossover to 80Hz, they will interfere and give you a steeper crossover slope than you intended.
For setting the bass level, the best thing to do is to use a SPL meter and test tones.
Your receiver, depending on the model, may also be able to set the levels for you as well.
What Denon do you have?