on a glass hull and depending on design of that hull, at 6" back.... standard starting point for cavitation plate is 1" above hull bottom at transom. How the boat is loaded WILL affect how much bite your prop gets and how high you can set it. Higher it's set (up to a point) determines how much efficiency you realize from installing a JP.
If all you do is install a jack plate and not raise the motor, it might look good but you haven't really done anything.... at least, not towards fuel economy. JPlates increase efficiency in two ways that work together, by allowing the prop to surface reducing drag on prop which allows the motor to achieve WOT with less effort. And by moving it back 6", the prop is in cleaner water - less bubbles equal better bite. Do one and not the other and WOT means "waste of time" not "Wide Open Throttle"
Personally, I will not operate my outboards without a water pressure gauge; and especially with a jack plate. By raising the motor, you're more at risk of being trimmed to high for adequate water supply. And with an outboard, an ice bag is equal to an iceberg!