I just received a pile of block/dwarf/tower signals that I needed so that I know what turnout is doing what. Now for placement... my best guess is 'do what works for you'.
I did find this... Signal Placement for Model Railroads http://garymgreen.com/Sig_place01.pdf which seems to be a pretty decent resource for the novice.
If there are any other resources out there... please let me know ...it would be great to place these once (well, maybe twice).
Thanks
dennis