I've struggled to place this thing too. It seems to be extremely picky about where you place it. My bro has one set up and it's a little bit away from the fire (3-4 meters) with it hanging from the roof. No beam, just the roof. Haven't tried that myself yet; he's a little ahead of me on this playthrough.

My last solo run, good grief I think I spent an hour just trying to set it up for placement. Serious pain. Just gotta fiddle with it, near as I can tell.