I'm finishing up my shop --- and it's a multipurpose shop - woodwork to welding and vehicle/ag equip servicing. So what are your suggestions regarding the following:
1) 120V outlet placement ( every X ft; 4ft off ground?) etc
My usual "recipe" for general-purpose 120V outlets is: Put one double-gang box every 6-8 feet around the entire perimeter of the space, with each of the two duplexes in that box fed from a different breaker than the other one. Keep the bottom of each box
at least 49-50 inches above the floor. In small shops, two 20A circuits will normally handle the whole thing; in larger shops, split it up further as you see fit. Note that at least in anything which might be considered a "residential garage", NEC now requires that ALL 120V outlets be GFCI protected.
2) worth running any ceiling drop cords?
Near-certainly yes. And use some nice cord reels to keep things neat and tidy. "How many" depends on the size of the shop; in an automotive context, you want one adjacent to each service bay; so for a small two-bay garage (or a typical residential "two car garage", one (centrally placed) will do the trick. The same approach can be very handy for compressed air, as well.
3) was going to put large(ish) compressor outside shop (covered) and pipe in. Trouble? Condensate freeze?
Depends on your climate. In "North Idaho", I'd be very afraid of this, at least without it being fully enclosed/insulated and with SOME sort of heat source inside. With truly adequate insulation, the heat source probably doesn't need to be all that ambitious; but by the same token, in the Summer time the compressor will be MAKING enough heat that disspating it will be the main concern.
4) Service panel at one end of shop and need to have welder at other end (60 ft). Better to have long welding leads and short run to panel or long run to welder and shorter leads? Or no diff.
Better to put the outlet where the welder will be used. At least most of the time, the welder will step the output current UP, vis-a-vis the power line; so for equal lengths, voltage drop will be more of a concern in the leads than the supply wiring.
5) If I do run 60 ft to welder (240v) do I need to bump up wire size due to length of run?
As compared to what?
As others have stated, welders are something of a special case, and can actually get by with what would normally be considered "undersized" wiring. Whether it is a good idea to count on this is very much an open question; and I come down in the camp that says it is risky at best. So let's pretend this is a "normal" load...
Presuming a 50-Amp breaker, either AWG 6 or AWG 8 would "normally" be required, depending on such things as the temperature rating of wire's insulation, and whether or not it is "bundled" with other wires and/or buried in wall/ceiling insulation. In either case, that is more than sufficient to ensure that voltage drop would NOT be a concern over a 60-foot run.