If I was going to secure a descent on an "8" with a prussic, I would put it below the 8. There are only 3 ways to fall out of the tree rapelling on an 8: Your rope breaks, your 8 anchor point fails, or you lose control of the tail below the 8.
Secured below the 8 with a prussic will protect from 2 out of 3 potential failures listed above, plus it will be protected by the 8 from loading up and getting hot. Rigged below the 8 to the line feeding into the 8, you will only need to control the prussic, and the 8 will just remain above all the action, quietly doing its job. If you want to stop, just let go of the prussic. Continue descending? Just grip the prussic and pull down to go down.
Secured above the 8 with any sort of friction hitch will require you to tend both the tail of the rope feeding into the 8, as well as controlling the prussic "safety" above the 8. If you screw up and lose control of the 8, the prussic will hold you just fine, but it will be a big distraction otherwise, and the 8 will abandon doing its job as soon as you let go of the rope feeding into it, intentionally or otherwise.