I'm pretty much a new diver but I had the same problem;
CONS of HIP D-RING:
1) I HAVE to wear 5mm gloves minimum and unclipping the SPG and looking at the gauge is a real chore.
2) It takes me a good 2 min in which I am totally concentrated only on my SPG.
I asked a diver and he told me he puts it on his chest ring.
PROs of CHEST D-RING:
1) I just have to look down to see it.
2) I have to monitor my gas constantly because if I get caught up in current the SPG going down fast will remind me to slow down, relax and take it easy.
3) I don't carry deco bottles.
I understand the need for standardized equipment, but I prefer to be in control how I dive before changing it, maybe later down the road I'll go with the hip D-Ring, but not at the moment.
If he is carrying a Pony bottle it can be for multiple use, maybe for deco on deeper dives or simply as backup gas. If it's the second option he will still need to monitor his backgas.
Furthermore, the 24in SPG hose is not long enough to create drag if under left chest D-ring. It stays snug against the body and has enough loose (2in or so) not to be too tight. With the same hose lenght you can attach it to the right chest D-ring, but the fit is too tight for me and it's more of a hazard than a tool.
What is annoying with the left chest D-ring is that the Inflator, SPG and Backup light are all in the same spot.
I change the backup light to the right and it's a better setup but the mixup with the inflator and SPG is present.
Do whatever YOU like, a lot of people take the DIR setup as GUIDELINES and adapt some of it. I'm trying out the left chest d-ring, at the moment I like it.