Mark,
I remember this was discussed at length some time back.
I don't think anything official was decided however I think (and I could be wrong because I've not looked up the discussion) the consensus was to place the F16 logo on the bottom or 2nd bottom panel near the leach, which is at eye level when walking past boats on the beach.
The Mossies do this and it looks really good.
More importantly :-
Why are you sober, and what on earth got you thinking while in this unfamiliar state? <img src="http://www.catsailor.com/forums/images/graemlins/cool.gif" alt="" />
Regards,
Phill