There are many ways of doing band pull-aparts. When I use them as extra work between sets I don't count reps or time – the goal is simply to put the muscles under tension, not to do a specific number of sets and reps.
With the therapeutic variation, once tension is established simply do slow movements until you find a sore or weak spot. When you do, spend some time keeping that spot under tension until the pain/soreness decreases.
Moderate weight or moderate sets? Use more reps per set, or use heavier weight, more sets, and fewer reps per set? God almighty, which is the optimal way to train for size?