Unfortunately I haven't yet had a chance to try out my pony setup since my last post.
Between really lousy weather, having no buddies because they were all studying and DMing OW courses my weekends have all been either busy or dry.
I did get a chance to hop in the pool with my setup once and it appeared to be sitting better on me. I didn't have long to spend checking it out and didn't have a good look as there was no camera in the pool but it appeared to be sitting better.
What I did was move my d-ring up a few cm (it was initially set at the default point where my thumb touchs the harness with a horizontal arm) and move the upper boltsnap further up along the shoulder of the bottle. I am planning on doing 3 'fun' dives this Sat before I have to return to OW courses again on Sun so I can experiment more then.
I aim to get the front of the cylinder slung properly and then start shortening the length of the lower boltsnap as AndyNZ suggests. It really doesn't need to be long at all when I use it as a pony as I will never sling more than one cylinder.
I must admit though I have looked at many pictures and videos of sideslung cylinders and they appear to be MUCH more horizontal and I love how snug the valve is against your body. None of this silly dangling stuff.
I am very tempted to start fiddling with bungees and quick links to see if I can as StandingBear suggests. It appears to me that sideslung cylinders look much more streamlined than normally slung ones.
Alas ... I won't have the proper time to test all of this out because it doesn't look like I will have much free time in the water for at least 3 or so weeks.
Thank you for all the suggestions, they have certainly helped. Good luck mr.rongilbert, it certainly sounds like you are having a great time fiddling with your gear! Working with it and making it suit your diving is half the fun of owning gear.