I dive a double 7mm wetsuit with a HP100 (this is around the same as your 12 litre cylinder). I have two rigs.
The first rig was a 27 pound wing with an 8 pound plate and a single tank adapter (STA). I found that this system worked great diving down to as deep as 130 feet (40 metres). On some shore dives I would put my rig in the water, wade out to deeper water then put my rig on. With a 27 pound wing it was pushing the limits. My rig would JUST float. If I had a tank which was more negatively buoyant or a heavier plate it might have actually sunk. With this rig I also wear around 8 pounds of lead on a belt.
My second rig is a 32 pound wing with an aluminum plate. The wing has built-in tank stabilizers. So I don't need the STA. So this one is better if I'm floating the rig on the surface or if I had to take the rig off underwater and put it back on (did that once when I got stuck on something in a wreck). However, it also means that I have to wear more lead in order to make the wetsuit sink. So I tend to use the first rig for cold water diving and this second rig when diving down south (2.5mm wetsuit and AL80 tank). I have to use this suit when diving with my 2.5mm wetsuit or I'm always negatively buoyant.
I recently got a drysuit. Everyone was telling me that I was going to need more weight switching from a wetsuit to a drysuit. Oddly, I did not find that. I use 9 pounds of weight with the first rig. I do find when doing REALLY shallow dives (5 to 10 feet) that I don't have enough air in the drysuit to keep me warm. So I might go up to 12 pounds if I know the dive will be fairly shallow.
Bottom line, I'm happy I didn't get the 40 pound wing. However, everyone is a little different. Maybe you need more weight to get down. Maybe your wetsuit compresses a lot more than mine. So you'll need more lift when you go down to 30 or 40 metres. Kind of hard to be sure without you trying it.
P.S. I have spent probably a decade working on my breathing and mindset to reduce how much lead I have to wear. If you are still learning to shed some weight, you might need the extra lift.
P.P.S. I once had a cave diver get my head into a space where I dropped another 2 pounds and it was amazing. So even I know I could probably shed a few more pounds. Wish I could get back to that mindset.
