Experiment!

Conventional logic says back and out for speed forward and in for control/ maneuverability
However not all boards are set up the same and the conditions are generally changing.
For many comfort is a key to performance so although a board might go faster with straps all the way back in the hands of a pro, someone may well go faster on the ocean with straps further in as they gain more control.
So like fin and track position, strap position is another way to tune the board.
Roo on the GPS forum says
"Make sure the rear foot strap is mounted with the rear screw in line with the leading edge of the fin.
Set up the front foot strap by laying your arm on the board with the elbow bone in the middle of the rear strap and measure to the tip of your middle finger.
This point will be the middle of the front strap, mount the strap as close as possible to this position. (some of the guys at Sandy Pt modify boards to achieve this)
I have boards that have been almost unsailable until I moved straps closer together (back strap forward) and then became a favourite
In the waves not only do you only want the rear single strap but you want to open the strap up so you can get the foot right across the board particularly on non pure waveboards and with larger fins if you want tor try waveriding.
So it depends what you want to do with your board, your body type and the conditions. Or just put them in the middle and have fun!