Happy to! Yes, compromises in siting apply to any weather station that combines wind & rain (and other parameters) in one device.
While the average rainfall through a horizontal plane will be the same at all heights, the sampling of that rain with a small diameter sensor is more difficult the further you go up in elevation. That’s because rain gauges (haptic or bucket tippers) are designed to detect the rain falling vertically and, when you have more wind, the rain’s motion has a strong horizontal component to it. The more wind you have, the more uncertain your rain measurement (from any rain gauge). The WMO/CWOP ideal for rain gauge siting is 4 to 6 feet above the ground, at a horizontal distance of “4 times the height of the nearest obstruction.” That’s hard to do in your average backyard, so a good compromise is to get it as far away (horizontally) from obstructions as possible.
The anemometer will measure whatever wind it experiences but wind can be highly variable in a small area, influenced by both the height above ground and the distance downwind of obstructions. The WMO/CWOP ideal for a wind sensor is 10 meters above ground level at a horizontal distance of 10 times the height of the nearest obstruction. That’s really difficult for the average homeowner to achieve.