My personal preference is to use a backshot (usually a no.8) half way between the float and pole tip. I would perhaps position the backshot slightly closer to the float than the pole tip, but not too much.
My favourite rig is to use a double bulk, with most of the shot (the ‘main bulk’) approx 12-18″ from the hook. The second ‘mini-bulk’ (usually 2 no.9s or no.10s) is set half of the distance between the main bulk and the hook. The mini-bulk is set so that it is just off the deck. You know you have the rig set right because the second bulk should just register on the float and dot it right down. If the shot is resting on the bottom, lots more of the float bristle will stick out of the water, so you know the rig is set too deep. Watch for lift bites as the fish picks up the mini-bulk as well as conventional sail-aways.