I clip mine to the light at the tail end. I put one cord lock about 2-1/2" from the tail of the light, and the other cord lock 6" past the first. I put my hand between the cord locks. If I want to hang the light around my neck I move both cord locks all the way toward the light.
When it is adjusted for my wrist, I can slip my hand in, but it is still tight enough that the light doesn't fall off when my hand is relaxed at my side. The tail of the light is at my fingertips like this, so I can pick it up with the one hand from the hanging position.
Hope that helps.
Scott
P.S. It is a good idea to set up the lanyard so it breaks loose at some load where you don't get injured. The last thing you want is to have your hand pulled into a machine, or fall and have the light hang up.
P.P.S. Here is a pic. I use archery release rope instead of the supplied doohickey. It lets the flashlight rotate better and does not subject the clip to the abrasive HAIII knurling.
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