mine was actually up and out of the hole it sits in, and was off to the side of the batt. I changed battery this weekend, and seen where it was supposed to go.
My 3 conductor positive batt cable was sporting one of those cheesy sheetmetal clamps from previous owner, so I modified it with a nice larger cable.... solely to the power distribution box. I recrimped an eye on the starter cable, and put it and one more hot wire under that lug. So far, so good. (I wasn't in the mood to fish the old wire out, and put a new one in clear to the starter that day). Cost? $15.
I will do the negative side next. Same deal there, I will go to the waterpump lug with one nice conductor, and put the body, chassis grounds under that lug.