Dan, while you might get more fuel draw by positioning at exactly the right angle, that range is pretty narrow. If you get it too far around towards the inlet, it will not work at all.
In any case, the engine should certainly run with the hole pointed toward the crankshaft - which is not at all narrow range nor does it require any sort of tight tolerances.
So, despite the generally correct information about how the angle affects the fuel draw, I still recommend that you *point the hole at the crankshaft*, that way you know it is at least in an acceptable position. Once you get the basic problem solved, get it running at all, then, maybe experiment with different position.
This is a case of "perfection is the enemy of good enough".
Brett