I tried many configurations over the years:
I started out with a console setup, with depth gauge (and then computer), SPG, compass all in one console. I used to clip it to the BC and have it dangling a little. I would unclip it to use the compass for navigation. This was pretty inconvenient in all aspects.
I then discovered retractors, and this made life a little easier. I had it such that it hung as little as possible away from the body when it was retracted all the way in.
It was still very awkward for me when I did mid-water ascents where I had no visual references for depth and had to watch my computer while venting the BC and watching out for any obstacles over my head.
When my old dive computer died, I decided to try a wristmount computer. (Vyper)
I tried putting it on my left wrist facing inwards, so I could watch it while raising my arm to vent the BC when ascending. This didn't work as I thought it would.
So I tried wearing it on my right arm. Bingo!
This was the most comfortable position for me, as I could watch my depth and have my left hand free to do whatever I wanted (including venting BC) while ascending. I also didn't have to look down as I would have had to when looking at the console.
Once I started using the wristmount computer, I found that glancing at the wrist was so much more quicker and convenient than grabbing a console. Thus, I got a wristmount compass as well so I could do the same with my compass.
Up to this point, I had kept the console, with a depth gauge, SPG and compass.
So I tried putting the SPG in its own boot and getting rid of the other two. That made it much more compact and light, such that it's not even noticable when I'm not looking at it.
About this time I started reading about DIR, and it turns out that is the setup they use. After a lot of experimentation and trying out various suggestions from people, I had arrived at that exact setup. Interesting..
Right now, I use a Vytec instead of the Vyper although I still have the SPG. With the Vytec and compass, all my gauges are a eye-roll away. I just glance at my wrist to check everything instead of reaching for something. It's the most convenient setup I can think of, except for maybe a HUD.