First subgrade modulus is not a soil property. Structural engineers need to stop using this for foundation design.
Second, the property you need and should want is Young's Modulus obtained at an appropriate shear strain level. If you are interested in settlement, then that rules out use of "E" estimated by SPT (never should any geotechnical engineer use blow counts to get N, even in sand) and it also rules out CPT
"estimates" because both CPT and SPT completely destroy soil structure and stress history because they shear at strain levels from 10 to over 100 percent. See attached figure.
Third, you need to rely on an in-situ test that tests the soil at an appropriate shear strain for the intended application. For consideration of settlement, typically suitable shear strains are in the range of 0.0001 to 0.001; in this range, both Pressuremeter and flat blade dilatometer testing can be useful. Pressuremeter is good for clays sufficiently stiff to remain open through medium strength rocks. By contrast, the DMT is very appropriate for all sands, cohesive soils, through to soft rock with up to 400 MPa. The lateral Young's modulus is readily obtained from both of these tests.