You really need to determine what your most likely shooting distance (or at least an average of) will be and set your zero there...Take into consideration the Maximum Point Blank Range of your cartridge...The .204 is pretty flat shooting when compared to the .223 and it's always a good idea to run your cartridge specs through a ballistic calculator (several free ones on the net), and work out your MPBR from there..
For normal hunting purposes, my .204s are zero'd at 200 yards, as an average normal shot for my area would be around 150 yards and that let's me hold 'dead on' at most normal ranges..
I'm getting ready to head for Colorado for a Prairie Dog shoot and the distances will be much farther on a normal basis and my scope is zero'd at 300 (3.2" high at 100), with stadia lines that will give me decent accuracy out to 600 yards..