Darnell,
I am in a similar situation. The other posts seem to touch on some things, but I'll summarize because I think it may help. I'll assume that you have more than one seat of SolidWorks, as well. We use A, B, C, and D sized drawings and have 5 different tolerance blocks - Machining, Sand Cast Aluminum, Sand Cast Iron and Stainless, Aluminum Die Cast, and Weldaments. So we end up with 20 different possible combinations for drawings. I have created drawing templates, 1 for each. That way we can start a new drawing and pick exactly the one we want, without having to paste new/different tolerance blocks in - yuk. Also, we place file properties on the templates so that they are automatically generated for us upon creating a new drawing file. Our file properties contain information for the revision of the file, who drafted it, who checked it, and who approved it. All this information appears in the title block. I also opened each drawing template and created a sheet format from that. So, we also have 20 sheet formats, each correlating to a drawing template. The benefit of sheet formats is what the others described - being able to switch formats without copying and pasting to a new file. Its helpful when you start a drawing on a B size and realize it should be on a C size to fit all your views in the scale you want. Its also helpful if you decide the part will no longer be sand cast, but rather die cast. Just reload the sheet format to the one you want (right click any where on the sheet and click properties, then browse to the desired sheet format and click reload). Its really easy and has made drawing setup easier for my company since we started using SolidWorks 18 months ago. If you have any file properties for the document, they are not affected when you reload the sheet format, unless the file property pertains to sheet size and is placed on the template or is set to automatically read the sheet size. Also, each SolidWorks installation has the ability to point to numerous locations for the templates and sheet formats, as well as many other things. These file locations are controlled under Tools..Options..System Options..file locations... Just add the locations of these files once they are on your network. You can manually change the other installations at your company to point to the same locations, or use the copy options wizard to capture one installation's set up once it is final and make that available for others to run on their installations. That way all will be on the same page. Hopefully this doesn't sound too redundant. Good luck.
Pete Yodis
Harold Beck and Sons