When I started diving in '88, jacket style BCs were about the only thing available (commercially). So, that's what I used. I liked it then and I still like it. I never really thought too much about the squeeze and, in fact, I don't think it happens much due to the design of the inner harness/webbing. The cummerbund was the most restrictive component and it was adjustable. This old SeaQuest ADVi is still a good jacket style BC.
But, I drank the Kool-Aid and converted to a BP/W. I like it a lot and I highly recommend people consider Deep Sea Supply if they are looking for a rig.
As to the rear inflate? When I walk up and down the beach, which I did yesterday, our herd of 4 had the only BP/Ws around. Everyone else had BCs - mostly rear-inflate. Right or wrong, that's what people are diving. From the beach, anyway. People diving wrecks and caves are almost universally using BP/Ws.
The only problem I have with the concept of BCs at this point is that they are so bulky. There's just a bunch of floaty fabric that really isn't necessary. That, and the BP/W can have a heavy backplate to distribute your weight on your back. BP/W's almost always have dual cambands. I won't even consider a new BC unless it has these. My grandson is still growing so I bought him an Edge Stealth rear-inflate BC but even it has dual bands. In a year or so, I will buy him a BP/W.
Rent and dive as many alternatives as you can. If you like the jacket style, dive it! Who cares what anyone things? It's about diving and comfort.
The jacket style BC will float you a long way out of the water without trying to flip you face down. I LIKE being a long way out of the water. That's why I haven't tossed my old BC.
Richard