With all the talk here about wanting identical 2nds for primary and alternate....
and if a panicked OOA diver just grabbed one of your regs, it wouldn't matter which one they grabbed.
The talk about 'identical 2nds' is something different. In the old days, most divers used a lower quality 2nd stage for the alternate, mostly to save money. Lots of people still do. Some people think that in an emergency, you want to be breathing on a 2nd stage that's as good as your primary 2nd, so why get a low-quality alternate? There is some sense to this, but it doesn't mean you need 'identical' it just means you need 'as good as' or even 'good enough' for an alternate 2nd stage. It has nothing to do with hose routing.
Regarding the panicked diver grabbing a 2nd stage, there is a theoretical point that since an OOA diver's behavior could be unpredictable, it might be best to have enough hose length on all 2nd stages to accommodate the panicking diver. But in reality, a panicking OOA diver is most likely to go for the reg in your mouth. It's happened to me twice, both times when I was in my DM internship years ago. One of the panicked divers was another DM. Pretty sad....but that's another story.
Anyhow, as mentioned, in addition to air-sharing convenience, you want a hose routing that is streamlined, less likely to present an entanglement hazard, and comfortable. It turns out that for many people this is a 5ft primary hose routed hogarthian-style and a 22" (maybe 24" if you're a big brute) alternate hose. Two long hoses would be tough to stow and deploy in a convenient and streamlined manner.
The cave diving community has really figured this stuff out, because by necessity they must dive in a very streamlined manner and have the ability to share air single file in restricted areas. Hence the 7ft hose. In open water you don't need to go single file so you don't need a 7 ft hose, but the other nice things about the routing, especially the real streamlining and comfort, can be had with a 5ft hose routed under the right arm, across the chest, over left shoulder, behind the head, and around. Make sure you try this type of set up before you decide what to buy.
The 40" hose on an elbow is not as streamlined or as comfortable in my
opinion. And you have the elbow, which can be a little awkward for air sharing.