I think 6' is the magic number an inspector would look for, but I don't know that that applies to sub panels. May be since it's in a separate structure? I work for the utility now, it's been a long time since I've dealt with services, and I haven't done residential electrical work since I was a green helper, 10+ years.
The 2nd part is incorrect. You don't need to bond the sub panel back to the meter base. But it does need a 4 wire supply to be legal, 3 wire won't cut it.
None of this matters if it isn't going to be inspected. Unless it burns down, of course.