Measure the length of your bullet, tip to base.
Add 2.109"
Seat the bullet to this OAL and the base of the bullet will be level with the case-neck junction, which is ideal.
Seat any deeper and the bullet will intrude into the powder space, which could raise pressures.
This is why Lee state a minimum OAL for their "never exceed" load data. I already told you this OAL for 168gn bullets, but your bullet may or may not bear any resemblance to theirs. Soft point, hollow point, ballistic tip etc. all make big differences to bullet length. Nevertheless take note of this OAL, as a reality check.
Seat any further out, and the bullet will not be fully gripped by the neck.
Now test to see if this OAL is suitable for your rifle. Make up a slightly long dummy round, seated to this length, plus 20/1000"
Try chambering this in your rifle. If the bolt closes cleanly, and the ejected dummy does not show any engraving of the bullet tip by the rifling, it fits in the magazine and feeds cleanly, then you are good to go.
Seat bullets to the calculated value, without the extra 20/1000"
If the dummy is too long, re-seat the bullet deeper, 10/1000" at a time, until it fits. Subtract another 20/1000" and
use this as your OAL.
Ignore the position of the cannelure, it is irrelevant, unless you need it for crimping.