The piston moves only about 3/8", but the tensioner is a lever arm that amplifies the motion at the pulley. Position the eccentric so that once the belt is installed and the pin is still retaining the piston of the tensioner, that the pulley is gently taking out most of the slack from the belt. That way, when the pin is removed from the piston, the pulley has plenty of range to provide tension on the belt.
As I wrote in that old topic, the closer the pulley is to the tensioner arm pivot point (lower region), the more leverage it has and the more tension the pulley can apply to the belt. The limiting factor is the range of motion of the piston/lever arm. If the piston is allowed to reach the end of its travel, the belt will not be adequately tensioned. The positioning of the eccentric hub would therefore be dependent on the overall length of the timing belt. They should be close to the same length, but a millimeter shorter or longer can make a difference in the position of the tensioner.
The 3.2L has the longer replacement interval for the timing belt compared to the 3.0L because of the constant load tensioner and the second idler pulley on the tension side of the belt to minimize the belt spans and vibration.