RE: Ace 4-120 bipe
On that bipe you can measure from the leading edge of the top wing to the trailing edge of the lower wing and take 25% of that and thats where your gc will be measuring back from the leading edge of the top wing.
If I was guessing on the throws I'd go 1/4 inch on low rates and 1/2 on high. the beauty of rates is you can adjust them at the field