If you track down "Foundation Design and Construction" by Tomlinson, there are several ways in which you can use the SPT to assess an initial allowable bearing pressure for both cohesive and granualr soils, but there definatley is a sequence to go through.
In general this is broken down into:
1. Obtain an initial allowable bearig pressure based on SPT N Value. From the general relationships, the allowable bearing pressure based on this assumption should 'typically' provide settlements of less than 25mm but they need to be checked once a more detailed design is known.
2. Undertake an initial design using the initial estimate of allowable bearing pressure
3. Check the detailed design against failure by settlement, differential settlement etc...
4. Undertake a re-design as required, based on the previous findings.
If you are going to use 'generic' values to identify an initial allowable bearing pressure, make sure you state the properties associated with it, i.e. 150kN/m² is not sufficient, it should be 150kN/m² based on a foundation width of 2.00m founded at 1.00m bgl. As you change the size of the foundation, you change the allowable bearing pressure.