It's adjusted right, when it feels right to you when you are riding it. I set up all my bikes so the three contact points (pedals, saddle, bars) are in the same relative position. If the bars have multiple positions such as your situation, I choose the position I ride on most, e.g. hoods. I don't go by what "looks" right or cool. So, most people here will say my Bianchi Pista Concept road setup looks goofy and not right, but it works for me with my very stiff lower back. As to the bar tape, I'd just stick with black.