Good question, Smokin...
Check the rule book and do not fudge when it comes to safety. When it comes to mounting, up, down, left, right, or center? The one you choose depends on the type of racing, how long your races are, and even what fuel you use.
If you run on pavement, you want the lowest possible center of gravity. Therefore, the fuel cell should be low and should not be the lowest thing on the car, but it can be as low as the frame rails. There must be substantial bracing around the cell..do not cut corners here. The cell should be mounted to the right. This is more important if you run long races in which you burn so much fuel that the cross weight changes. If you use alcohol, you will burn fuel at a much faster rate. This weight change tends to tighten the car as fuel (weight) is burned, and at the end of a race, it is better to have the car tighten up than have it get loose.
On a dirt track car, up is better because you need weight transfer. Mounting the cell high, not extremely high, but let's say on the trunk floor, aids weight transfer. This is a protected spot in the car as well. If you are using gasoline and running 20-25-lap races on a 1/4-mile bullring, the side on which you mount the fuel cell won't really matter. You probably won't use more than a couple of gallons. In this case, the loss of 15 pounds from a 3,200-pound stock car is not going to be noticed. On the other hand, if you were using alcohol, you would lose maybe 30 pounds. That might begin to be noticed, so mount the cell to the right.
For left weight, such as when using a 16-plus-gallon fuel cell filled for ballast, mount the cell to the left. Keep in mind that this corner usually takes a lot of abuse.
n some situations racers find themselves moving weight behind the rear axle to compensate for hard tires or very low traction conditions. While this can work, it is a double-edged sword. As weight is placed farther behind the rear axle, front-wheel weight decreases and steering control is reduced. Think of it as a seesaw, (see Diagram) as weight is increased or moved farther behind the fulcrum, the amount of weight felt at the front of the chassis decreases--especially when the forces of acceleration and the car bouncing through rough parts of the track are factored in. Locating the weight directly over the rear axle will produce forward bite while helping to maintain steering control through the corner. Extra bracing here adds left and rear weight as well as protection.SAFETY FIRST.