Hi, if your flue is high
enough, like in our 3 storied home, and the draw of the flue gets enough pull, a standard flue damper (round disc inside pipe)
should be installed after the upward bend. In our home, there's close to 5 meters of horizontal pipe with 4 bends including the upward bend and then there's about 9 or 10 meters straight up and out. In our setup the damper goes in the vertical portion of the flue/chimney, right after the last bend. We've only used it without the mass for now, the mass will be added coming warm season, but having operated like this I would hit myself in the head for not installing a damper honestly. I would say it depends a lot on your specific situation if you need one and place of installment should be put at a convenient location where most of the heat has been extracted for longevity of the damper (it also provides a cleaning port!).
Arguably, if you have a 1 story home and 3 meters of horizontal pipe, it could be considered an absolute waste of good money, and in such a case it would probably have more use for a bypass as has been mentioned, which would be more costly but might be a necessity for cold starts on a windstill morning.