You can use the ArcFM Template Favorite Tool to utilize several different lines and bisectors when rotating and offsetting point features. The Template Favorite tool provides the following options: incoming line, outgoing line, acute bisector, obtuse bisector, right-hand side bisector, left-hand side bisector, and absolute (offset only).
To set symbol rotation, right-click the feature in the table of contents and select Properties. Select the Symbology tab and click the Advanced button. Select Rotation.
The following examples assume symbol rotation has been set at Arithmetic. They will also respect the geometric setting.