I think a bungee necklace alternate and primary donate makes the most sense for basic or advanced divers.
A bungee necklace keeps the diver's alternate air the most secure and handy underwater for them and provides a better donate method for responding to an OOA diver.
Yet there are two points that need to be addressed for basic divers. Necklaces and snorkels, and having something around the neck.
For basic divers, i.e., 40" primary, 22" necklaced alternate, don'ing and ditching gear with a necklace is more complex than 'put this jacket or BP/W on and buckle it'. It adds steps of 'make sure your backup air is in place' and 'detach your backup air from you'. But it is usually a complexity on the surface and it makes sure that their alternate air, a very key underwater safety element, is right where they need it, mostly no matter what violent disruption happens underwater. It also reinforces awareness of their alternate air; which is not a bad thing.
For a basic diver, with a bungie with some extra length, putting the necklace on and off over the mask and snorkel takes a little care to not tangle the snorkel and dislodge the mask. But it is not hard. And both normally happen on the surface. If it has to happen underwater, go slow in any drill, it is a good test of comfort level, or break free or cut the bungee. Both divers have safe line cutting devices on them, right?
For an advanced diver, with a very snug bungee for no hands access, don'ing over a snorkel becomes more to very difficult. Plus, a long hose and snorkel endangers the OOA smoothness. So advanced divers in those setups stow or ditch the snorkel.
A second point is having something around your neck, that might be viewed as a strangulation hazard. But that thing has your back up air, which is really handy for that breathing underwater thing. Far more relevant than any strangulation hazard from a bungie that can be rigged to detach if pulled violently, or can easily be cut.
Tear free bungee's have many approaches. It is a trade off between it being there if you need it and being able to don it, and it being able to tear free, if you want that. Here are some references:
How to Tie a Regulator Bungee Necklace There was also a reference to surgical tubing with a cut in it into which is threaded the ‘wire’ part, not the holder part, from a zip tie.
From a dive shop's perspective, I'm not sure if helps or hurts, but a diver who realizes far better that they will be depending on their alternate regulator in an OOA situation might be prone to buy two good regulators instead of one good one and one so so one, based on the so so or not as smooth breathing one just being for their buddy in the midst of a panic prone situation.
Edit: add tear free references.