Personally, I prefer a wide-angle aiming light mounted on the housing. I used to use a D4, which I mounted in an 11.5 cm (external diameter) section of PVC piping - which turns out to be perfect to accomodate the lgiht - with a cut-out for the handle and controls, to which I attached a Ultralight ball fitting. A double-hooked length of shock cord ensured that the light stayed in the PVC section, The D4 is quite bright, but the beam was wide enough to serve as a general dive light and does not generate a hot spot.
When this light eventually died, I purchased a Hartenberger Mini-Compact HID light. The standard light is narrow beam, but Hartenberger also supplies a wide-angle kit, with an alternative reflector (and possibly lens) that is perfect for underwater macro shooting at night. I just drilled two holes in the handle to accomodate an ultralight ball fitting. The Hartenberger is less bulky and less heavy than the D4, and the multiple power controls - all accessible by dialling the back of the light - are easy to use when the light is mounted on the housing.
Cruising around, I keep the light at low power, but if I'm working in close, I'll kick up the power to 100% or 125%. The auto-focus works perfectly with the higher light levels, and is pretty much instantaneous.
If I'm using the Ikelite 200s, then I also have the modelling lights on those strobes for difficult subjects and/or to help aiming the strobes, but since I've had the Hartenberger, I rarely switch the modelling lights on the SS200s on, which of course also helps save battery life, which is more important with the enhanced shot volume possible with digital.
I've had enough trouble using autofocus for macro in shaded areas or on dark days that I now mount the Hartenberger every time I shoot macro, daytime or night.
Of course, I also carry a back-up light on my harness - a Halcyon scout - and an emergency strobe beacon, but I do that on every dive, day or night.
Frogfish (Robert Delfs)