No, if you need a lot of ballast it's reasonable to put some of that ballast on the rig.
I provided a link to the DSS bolt on weight plates. These add 8 lbs to a medium or large DSS plate. Using Steel cylinders in lieu of Al80's is another way to put ~6 lbs more ballast on the rig. Neither of these approaches clutters the waist band.
What I don't like to see is 100% of the divers ballast attached to their in cold water.
Why do we wear ballast? To offset the buoyancy of our suits.
What's the minimum amount of ballast a diver needs? Ballast equal to the buoyancy of their suit when the cylinder is empty.
A BC should be able to:
1) Float the rig at the surface with a full cylinder independent of the diver. That allows the diver to ditch the rig, or but their gear on in the water.
2) Compensate for the maximum change in buoyancy of the divers exposure suit.
If one hangs 100% of the required ballast on their rig then their wing must be sized to float all of their ballast and all of their gas. That will require the use of a larger wing than would be necessary if they placed ballast equal to the weight of their gas in a weight belt.
Short answer, hanging all your ballast on your rig often forces the use of a larger wing.
Tobin