Re: is this the proper location for depth transducer?
Personally, I wouldn't move it closer too much closer to the outdrive. If it does produce some turbulence, it is best to have that out of the arc of the drive. It may happen that you could cause your prop to cavitate.
It does need to be lower however. You need to have someone drive the boat while you take a look at it to make sure the whole bottom surface is submerged while on plane. Also, make sure it is not mounted where a strake in the hull is directly in line with it.