Kinda sorta yes and no... You don't want to create a whirlpool effect, but you also want moving water to reach every area in your tank. I stole this advice from Beth, but here goes. Drop something that sinks in your tank and if at any time it goes straight down, you need more water flow there.
You need some sort of surface agitation, so if you only have one PH right now, then that's where it should go. If you already have SA covered, then you can pretty much put it anywhere. I have 1 on the left wall bout mid tank, and 2 on the right, 1 high, 1 low. And my filter return shoots straight from the middle of the back and I have another PH on the back wall aiming down.