Thanks for this. I think I'm picturing what you're saying but just to clarify, which axis to you mean? From all the vids I've watched, I'm thinking that the wrapping wire needs to be slightly below parallel to the floor, and in relation to the core wires, if we call the drill 0º and the swivel 180º then the wrap wire should be around 75-80º. Does that make sense?
Yeah, if the dill is 0º and swivels 180º you want to stay around 80º.
I found that having the wrap wire slightly below the core wires will give you the best view of what's going on, but it isn't vital. I would suggest finding the position that is comfortable for you and does not interfere with your view of the action.
I also use a spool tamer on my spools of wire (can be found at most places that sell DIY jewelry products, here is an amaon link to some https://www.amazon.com/Beadalon-3-Piece-Spool-Tamer-Set/dp/B00KAZ139M ) and run a pencil through the hole in the spool. It makes it more comfortable to hold, for me at least.