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The phrase "a far better position" is correct and usable in written English.
It can be used when comparing two situations or states, indicating that one is significantly more advantageous than the other.
Example: "After the recent negotiations, we find ourselves in a far better position to secure the contract."
Alternatives: "a much improved situation" or "a significantly better stance."
Exact(60)
If that has not made Mr. McCain the fall favorite, it has left him in a far better position than a month ago.
"We're in a far better position".
Government is in a far better position to provide immediate economic stimulus.
But she is leaving it in a far better position than it was in when she came.
He thinks America is in a far better position than Greece because it has not given up its monetary sovereignty.
It's been a long time coming, and Android phones are in a far better position to clean up that market.
A graduate who has the cushion of savings or family money is in a far better position to work for months without pay.
Yet with sufficient long-term funding the Cambodia tribunal is in a far better position to shield itself from outside influences.
I could see Labour forming an alliance with the SNP, after all they are in a far better position to influence events; but with the Greens?
On the contrary, I find myself in a far better position than before to change minds – and, what is more important, hearts.
As for funding, these lenders look in a far better position overall than their Swedish counterparts, with a combined loan-to-deposit ratio in CEE of about 115%.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com