I like a minimum of lines etc. Therefore I use a thin short rope as on a hand-held (!) camera to avoid losing the camera.
In more challenging situations, like when I am expect to shoot up a SMB, I use a longer laynard, waiting for use on a D-ring. The lanyard I construct myself, most carabiners are to narrow to attach to a strobe arm and are quiet heavy. So I use the cheapest aluminium climbing carabiners I can get and fixate them to a rather thick rope.
However, I have to make a new one, my previous lanyard lies on a liveboard in Indonesia..