Traction bar design is just as important as material selection and installation.
TeddyBear's frame was destroyed by the combination of an offset bracket design and continous weld installation, which together allowed the axle's reaction torque to generate a side-load on the annealed frame section.
As far as length goes, 40" is about the bare minimum for compression-style traction bars (you can go shorter using them as trailing arms in a bagged 3 or 4 link with non-parallel uppers or a Watts linkage) and 100" is the practical upper limit in terms of frame mount location and beam strength vs. weight.
Although all lengths accomplish the same result, there are minor differences in how they get there! Short bars effectively push the frame away from the rear axle, resulting in more traction and a quick chassis reaction that fits well with an auto converter's driveline-cushioning benefit over a clutched truck - ideal for drag strip duty.
Long bars exhibit more front end lift, which transfers weight to the rear axle - resulting in increased rear wheel traction... also softens chassis reaction coming out of the hole (FYI for those dealing with hundreths of a second).
For sled-duty, mounting the front heim across from the tranny tailshaft is the rule of thumb, but IMO there's a certain amount of unsupported inertia in that thinking, since short bars work very well when hooking. My CR has a custom set of short bars that full-pulled the first hook - the video is on our team's webpage. Short traction bars are by nature stronger than long versions.
Long bars can give a softer ride, and work well in front of the sled providing they have a sufficient beam strength.
Small diameters, long unsupported sections and excessive weight all contribute to inadequate compressive-load capability. The set of monster bars on my twin-turbo '98 are the same diameter & length as the big 2-piece driveshafts.
IMO, parallelism to the ground or driveshaft is a tertiary consideration.