Is there a way for the map to automatically place the /outpost and /bandit at custom monuments. 

only if these custom monuments have their names correctly set as outpost and bandit in rustedit.

    "Wipe On Upgrade Or Change": true,
    "Auto Generate Outpost Location": true,
    "Auto Generate Bandit Location": true,​

then you can use these if so

In rustedit its called compound. Would I set it to that?

ya I believe so