Hi, there isn't really a correct configuration, it depends on what you want to achieve.
I have Intel HD Graphics 520 (2 years older, slightly worse than yours) and can tell you what works for me.
- Make sure you use Direct3D9 render system instead of OpenGL. In my case there's a significant performance improvement with D3D9.
- Shadows completely off.
- Water basic
- Sky Caelum
- No reflections, no video cameras, no skidmarks, no particles, no waves on water.
- Anisotropy 4x
The lack of shadows really sucks. I can get away with having them on when on singleplayer, but not on multiplayer. Too many vehicles.
That being said, your integrated graphics are newer and slightly better, so play around with these options and see what works for you.