Elements will be centered on the screen unless they have some position relative to something else, such as the bounds of the view.
In other words, the bounds of the view would establish that the whole view is 16:9, and the bounds of the marquee establish the marquee's position and size.
For a simplified example, if you have the "top third" of the original display, you'd want
<view name="Marquee_Only">
<bounds x="0" y="0" width="16" height="9" />
<marquee element="marquee">
<bounds x="0" y="0" width="16" height="3" />
</marquee>
</view>
For the "bottom third", you'd want
<view name="Marquee_Only">
<bounds x="0" y="0" width="16" height="9" />
<marquee element="marquee">
<bounds x="0" y="6" width="16" height="3" />
</marquee>
</view>
My marquee monitor is a full monitor with a mat that splits the screen into two bordered sections. I can place elements in the top or bottom section using this method (with different numbers, of course). You only have one usable section, but the concept is the same.