I place the hook where my middle finger will be. That is where the draw is centered. On really short bows, it might make a difference to have more realistic drawangle. On longer bows, it does not matter enough to overcome the subjective error inherent in our visual calibration of tillering.
It does matter greatly where you hook along the string though. I have come to hook it at the center of the string and then balance my handle on the center of the bow. Tiller on the tree and then fine tiller by feel and shooting.