what would be the center of the tv when it's above the back bar, and also when below the ceiling? How far back will you be sitting, and what is the native resolution of the tv?
Yea it really does come down to personal preference here lad. How large is the rec room to start with so we have a better painted picture of what you already see?
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As the post above suggests, the general rule of thumb is to have 1/3 of the screen height at eye level. i.e. if the set has a 36" screen height, position the screen so that 12" from the top of the screen is at the seated eye level.