I am still trying to get the feel for running a lower tire pressure. Where I am uncomfortable is when the trail is a bit of a double fall line and I feel the tire flex laterally. Now it is just a matter of finding the pressure I am comfortable with, Kinda like shck pressure needs to be set for the riders weight, weight needs to be considered when setting up tires.
Tire pressure depends on so many things it's generally a bit hard to give numerical advice (not that you asked, but hey, this IS an internet forum).
Here is the method I use. It's a bit of a PITA -- though nowhere near the level some people go to tuning and waxing a ski!
1. Pump your tire up a bit too high. Say 5 or 6 psi.
2. Ride a quarter mile minimum segment of trail that you feel is representative of your own personal normal.
3. Remove 2 psi and do it again, and repeat until the "pingy" feeling when hitting rocks, etc. is replaced by a slightly muted "thump".
4. Continue downwards until you feel the tire squirm you noted above.
5. Set your pressure somewhere a bit below 3, but above 4.
Ideally, you do this for front and rear tires. Definitely a bit of a PITA, but SO worthwhile. Note that some adjustment will be required when riding trails significantly outside the range of your benchmark. For instance, when I ride high-G flow trails, I need a bit more pressure or it feels like I'm going to roll the tire right off the rim!