thanks bohntr i appreciate it happy hunting !There is no set distance. It’s based on your anchor, angle of string (ATA length), type of release, loop, etc. You will need to have it moved (up or down) while at full draw to ensure it is correct. When you do this, twists in the string or strands separated may be needed to ensure proper peep turn/alignment once at full draw. It will then need to be tied up to prevent slippage.
If you do not have a bow press and thoroughly understand how to tune/work on your bow, you NEED to take all of your gear/bow to a pro-shop and have them set you completely up. Ask questions, watch and learn. It’s an acquired talent that doesn’t happen overnight, but watching a tech perform is the first step, IMO.