If you are already shooting with a string loop then just twist your loop around to the side so that it lines up. The speed loop isn't going to do anything for you that a regular string loop will besides add extra noise, more weight on your string, more screws to come loose, etc............

The only way that the speed loop will align your nock is if you turn it to the side, just like you would a string loop, so that your peep rotates to the same position.

My advice is to put it on a press and rotate the individual strands of your string around the peep. If your peep needs to rotate clockwise then rotate a couple of strands from the bottom (side of the peep that is farthest away from you as you shoot it) right side to the bottom left side and a couple from the top left side to the top right side. This will rotate the peep around the string and get it into the correct position with out having to buy another gimmic.