Harebear,

I like putting a guide on the ferrule if possible. It hides the separation of the two sections when assembled. When I wrote my Guide Spacing calculator I designed a way to calculate a spacing that placed a guide right on the ferrule so one wrap did duty as both guide and ferrule wrap.

The wraps I usually use for a ferrule wrap are the length of a normal guide wrap. I prefer the look of the wrap mixing in as a guide wrap rather than long enough to stick out like a sore thumb. Just my opinion.

I have been doing that for close to thirty years now.