Bob, many of my dives have me working with a measure tape, rule, camera, and taking notes all in the very limited vis of Long Island Sound. So I just hang the cord around the back of my neck and let it dangle at about mid chest or a little lower so that I can see what I am doing with my hands. So, it is always around my neck and clipped off on the upper left D-ring.
On the wrecks we document there is just no way to keep a horizontal trim and do this. So, we get heavy, kneel on the bottom, and work in the vertical.
The biggest thing I have against the whole DIR system is that it is great for getting to somewhere and getting back from it, but to actually do work, not so good.
As for the team concept, I think the Navy came up with that a lot earlier then any scuba diver ever did.