can i just state that everyone is going to have a difference of opinion on this one?
For example, those taller will have to adjust their style and cant ride like shorter people, those wider or stockier people cant ride like wiry people. After learning from my friends (retired racers, current racers, and track junkies), all people have a lil different style, you just have to find a proper style that fits your body type and ride.
I cant tell you guys to do it like I do, because I operate on a "tits to the tank" style. Being rather tiny compared to you guys, and not weighing very much, I have to adjust my style to compensate for this, and learning from female racers, I know if I have my chest on the side of my tank, with my arms relaxed, weighting the outside peg, and my knee directly out, ass off the seat and head down towards my mirror, then I am using the optimal position for me, whereas a heavier guy cant necessarily completely hold himself off the seat with knee out and his chest beside (not on or against, i mean BESIDE the tank, with shoulder at the same heigth as the tank) for any length of time. (think spider monkey)
Take the good points you can use, leave the rest and develop your best riding style for you. Good thread Trip!