Okay I looked it up and it shows I have 0.05962 ETH. On its site it says I should get .131 per month. Maybe its only been a couple weeks so I guess that is about right. Payout it set to 1 ETH. To change it it wasnt to know IP for one of my worker. I was thinking maybe having it payout every .1.
The payout threshold is really about personal preference and what the pool will allow. I personally want to have the coins I mine as soon as the pool will release them. It sounds like reconfiguring to .1 would at least get you some coin within the next few weeks. If not, it is going to take you about 9 months to get paid!