How do I find the center of cylinders and rings?

For many components, the default ‘bottom left’ position is fine.

For some, bottom centre works better, if you want to position them aligned centrally, and/or they are symmetrical left to right. .

I prefer origin at centre for circular components - they are usually easier to draw that way (often about the origin), and to register centrally with other circular components.

If you change your mind, use R-click ‘Change axes’.

Here’s a very basic example of how setting you axis, and therefore your insertion point, can be useful.
Axis

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