There's a lot to be said for being able to use a standard 72" curtain, so you can swap curtains as you wish over the years. I would hang the rod to plan for that, and for the curtain to come just to the floor without puddling. A 6'-high(and a smidge) rod will also allow you to reach easily to hang a towel over it or similar.
For keeping water in: the curtain will not actually act as a seal, so it doesn't need to perfectly meet the floor, but I would not allow a large gap at the bottom. I would definitely use a weighted curtain. Water containment will depend mostly on correct slope of the floor and the orientation and strength of the spray.