Billy Joe,
I have been using my Crony F1 for a lot of years now. Use it for archery, muzzleloaders, shotgun, rifle and pistol.
How far you place it from the muzzle depends upon where you want to read the speed at. Usually I set mine about 15 feet out.
I am not really scientific about it, just use mine for general referance and for finding standard deviations on loads I come up with. I also write down the readings and then use a spreadsheet to crunch the numbers.
I have burned the face of it a little with the muzzleloaders, but the display keeps working. If you use a pair of binoculars to read the display you don't have to get up to it each time as the display resets itself with each shot.
The other thing I like about it is that it uses a inexpensive 9 volt battery.
I have yet to lend the unit out to anyone or let anyone shoot through it. I do that myself, sure would hate to have someone put a bullet in a vital area. I have once nicked it slightly, I think with a shotgun load, but just to the sheet metal case and it still keeps on working perfectly.