Andriod Studio and Settings advice

Hi All

I am using Ionic Version 6, with a capacitor.

I am also using Andriod Studio version 2020.3.1, which I believe is a little old. So I will update it.

Can anyone recommend internal compiler settings to use?

Do I need to update the gradle as well?

Is there any document or guide in regards to this in respect to using it with Ionic and Capacitor?