Yeah, it's placement is a bit odd, I can't think of anywhere it could really go EXCEPT a B-Side. Though it really does belong on an album, I think.
Drowning Man is probably my favourite song on War, but it's placement is also pretty whack, now that you mention it. I never did pay much attention to the placement of the tracks on there since, ya know, I don't listen to it much. I'd go as far as I say it's my least favourite U2 album, period. I would just rather listen to other albums.
If the album had 11OTT, you could do TEC --> 11OTT --> Ocean to close it out, and you'd even get the traditional pairing of 11OTT and The Ocean that U2 used live, but then what to do with SATT? It's a more natural closer anyway, so I favour TEC --> 11OTT --> SATT and use The Ocean as a b-side to 11OTT.
God, I could never rank War that low. Not when it has songs like NYD, Like A Song, and Drowning Man, each one of which is individually superior to all of ATYCLB and HTDAAB combined. I rank War sixth, below October but above Zooropa.