Very balanced, free feeling, and redundant for solo dives. It also lets me dive longer for each shore entry. My recent Bonaire trip was done this way. I tried using my 13 cuft pony for my solo dives and found double SM to be better. Not an issue with the entries/exits. I actually feel more stable with entering and exiting SM than BM.
BM easier to set up on a boat? Not in my limited experience. Did 6 boat dive on my recent trip and I took up less space, was ready sooner, and packed up quicker after the dive than any of the BM divers. I did rig my gear for single SM (the Divemaster wouldn't let me do doubles - thought I would stay down too long). Key is you can wear the harness going out and coming in - or at least put the harness on before arriving. Can't do that with BM as it tethers you to the tank.
FYI, my single SM diving with a group was with a short bungeed 2nd and a long hose donatable 2nd. Entry was giant stride, and exit was with tank still clipped. I didn't even need to hand up fins or camera rig.
Lastly, yes single SM can be a little unbalanced. Since I was using an Al 80 and they end up positive I just put all my weight (4#) on the same side as the tank. This balanced things nicely.
But, you wouldn't need to with BM. SM, you're clipping a tank on. And if you're doing it while seated on a boat bench, you are taking up more width. With BM, while you're clipping your tank on, I'm slipping my shoulder straps on. And I'm only taking up the width of my body. It's kind of six of one, half a dozen of the other, on speed for single tank.
Then, when it's time to get in the water, you're taking a wider path to get from your seat to the exit versus someone with BM. And I feel sorry for anyone that you're walking past that accidentally gets whacked in the knee by the tank that is clipped to your side.
With doubles, you're clipping on two tanks and taking up even more width. With BM, it's still only slipping into the shoulder straps.
I spent a week diving off a boat with a buddy that has been diving SM for a good while. He was as quick as anyone to gear up to get in the water. But, he definitely took more width on the bench and when going to or from his seat. And he generally required more assistance from the boat crew on getting out because he really needed to unclip one tank and hand it off before climbing the ladder. Not an issue for me in BM doubles.
I'm not anti-SM. I just bought my first SM rig and have done one pool session with it, so far. I like it. But, let's not be too over the top in singing the praises of SM. SM and BM both have pros and cons. Neither one is "better" (IMO). One is "better" than the other only when you're talking about specific scenarios - and then, which one is better just depends on the scenario at hand.