Adventitious roots can be grown anywhere (above ground, I say redundantly just for emphasis). It is just a matter of getting the cellular auxin level high enough to cause cambium cells to upregulate to producing even more auxin (just like a root tip does). There are auxin producers in a node (i.e., buds/bud-initials), hence, it is a bit easier to get adventitious rooting at a node compared to an internode.
So, IMHO, if one is air-layering, it doesn't matter where the girdle is cut with regard to the node(s). But, for cuttings, it is advantageous to have a node near the bottom of the cutting.