Make sure you have the latest version:
http://nldc.interfix.net/pageid-6.html
Start the element from the top of your drop to the ending brakes.
Take the starting speed in whatever you wish and convert to m/s using
http://nldc.interfix.net/calculator (very last tool at bottom). Input that number into "V-In". Then find out what speed it ends at, do the same conversion and input that at "V-Out". I would advise adding anywhere from 0.5 to 1.0 onto those numbers to ensure it makes it around.
Next, specify the number of segments you want (play around for best results depending on track) and specify the heartline size using the table on the right.
From there, heartline it. Remember, if you have any segments that pull from 0.0 to any negative number, meaning -0.1 to anything up to -100000, then you need to color the SPINE of those segments PURE BLACK. The segment BEFORE the black needs to be in PURE RED and the segment AFTER needs to be PURE GREEN.
Then process the track.
There is an added feature to the new one where you can specify how much you want each peice of track to be Filtered. Using color codes on the RAILS you can specify certain parts to filter more or less depending on the desired result. More filter means smoother but less like original shape and less filter means more like original shape but less smoothing.