Mako rubber freediving belt UNDER the crotch strap. Because I used to dive cold water, I put pockets on it. 2 in the back and 2 towards the front. The ones toward the front were mounted upside down.
The number of times I dropped weight from them, outside of demoing the setup for a class? 0 (none, nada, zilch) because I also dived properly weighted. The ditching option was just in case I needed to drop some to assist someone else at the surface and wanted as much lift as possible.
There is no need to wear the belt over the harness or crotch strap.
Try it sometime in a pool or where you know you will find the belt. Use pockets and put soft weights in them if it's a pool.
Get to the surface, pop your waist belt and let the crotch strap fall away as you pop the buckle on the belt.
Takes less than a few seconds and the belt is gone.
Putting it over the harness is a good way to greatly increase the chance of it dropping when you don't want it to.