My collie-hat forward is mapped to forward/down view, basically panel-view. Which feels quite natural, especially in combination with coolie-hat back to forward/up (I don't have a rear view mapped, but left/right-rear gives enough rear view anyway).
It doesn't help to distinguish equal bombs, though. Instead of displaying, I would prefer dedicated buttons for each attachment. Toggles, and buttons cycling through different things are dangerous. Can't really use them blindly. Flaps have separate buttons, too - gear, dive breaks, hook, guns, and ord deserve them, too.