It's worse than that.
If you swim with your head up and your feet down, what happens when you kick? Your kick drives you forward, but it also drives you UP. If you don't WANT to go up, how do you avoid it if you are kicking yourself up in the water column? You have to arrange yourself so that you are not neutral, but negative. That way, the kicking counters the desire to sink, and you stay at the same depth -- but you are spending energy constantly to do it. That energy requires gas from your tank, so your air consumption goes up. In addition, you are unstable -- your ability to stay where you are depends on a precise match between the negative buoyancy and the kicking. If you get distracted and don't kick for a bit, you'll sink. If you kick too much, you'll rise. You can't stop -- if you see something fascinating and try to stop, you'll sink. So you end up swimming circles around anything you really want to look at.
The core of diving is the neutral, motionless diver. If you can hang in the water and not move, you can do anything else. You can watch critters or take photographs. You can assist a buddy. You can check your gauges or rearrange your equipment. You can do anything . . . and when you want to move, you can kick, and the kick will drive you just where you WANT to go.
It takes time to learn to manage the bubble in a dry suit, but it is absolutely possible to have your suit loose, comfortable and warm, and still be able to be beautifully horizontal and entirely stable. You just have to want to do it, and put in the time and practice that's required. Of course, neutral and horizontal requires that your gear be at least close to balanced. You might enjoy reading
THIS essay (and others) on Gareth Burrows' website. He has some very useful things to say about balance and trim.