I always carry two lights on all dives (daytime, nighttime, warm water or coldwater).
They permanently live on the shoulder D rings of my harness - clipped on with a boltsnap and held tight to the strap with a "snoopy loop" (a length of MTB inner tube cut to approx 1/2" and fed onto the harness) which is about 3 inches lower than the Dring.
There are a number of reasons why:
1) I can never forget to take them if they are always there.
2) You never know when you might want additional light (to look in a crevice etc).
3) You never know when someone else might want light - easy for me to hand a light off to someone during a dive
4) I can transfer the light between hand and clip in less than 5 secs (because the location is fixed I know exactly where and how to get it without even looking).
I might look at a soft goodman handle particularly for night dives
I've been told Ed @ Cave Adventurers has some nice light socks.
Cave Adventurers - OxyCheq Raider Light Sock (Raider I & II) - Marianna, Florida USA - Never Undersold!
I use bungee as opposed to the inner tube because it still holds tight but is a little easier (to me) to put back in it's place with gloves on. I use a keeper and the bungee gets tied around the webbing and stays in place. I haven't had any issues yet, but if I do have problems with gloves I can always tie a small loop in the bungee to be able to pull it out and slip the light in. I had inner tube, but it was a pain trying to pinch it out with gloves....took too much time. With the bungee I don't have to look down.
I've also thought about getting these just because they look cleaner, but I'm too lazy at this point to order / pull the webbing back apart when what I have works.
Utility Keeper