tension: tight enough that it does not drop the chain is all that really matters. I like to get it just tight enough that I can't feel the chain bouncing around annoyingly. anything tighter than that will cause additional wear on your whole system that doesn't occur with a derailer.
I've always found AB rings to have pretty consistent tension all the way around the ring. The owner posted a video some time back claiming that there's no reason you can't use singlespeed with their oval rings. It's really annoying that he used a bike with a bolt-on tensioner to demonstrate, though.
if you have an oval ring that has significant tight/loose spots, there's something wrong with the way it was made IMO. no chainring is perfectly round, even so-called round ones. oval chainrings should be ... is cocentric the right word?. they all have tight spots. find the tight spot and make the chain the tightest at that point, but not excessively tight.