I actually do both Jeff. It may be a little overkill, but I like the idea of having the bow that close in front of me in certain situations without having to hold it. Other times it may be hanging on the bow hook.
Why the question?
Because I thought the LW bow holder was a cool idea, too.....until I thought about what would happen if it was in the holder and I was standing. I stand a LOT more than I sit, these days.
I use a bow hook and place it where I can reach it from a sitting or standing position. If I sat all the time.....I'd use the holder like EI has.