Another thought about conventional placement is that this way the rocket separates the upper 1/3rd-sh of the airframe at apogee, thus spoiling the aerodynamics that all but eliminates the possibility of a ballistic trajectory. With only the nose cone coming off, I've seen a fair few ballistic trajectories........which is unsafe if for no other reason than the unpredictability of the occurrence and flight path. The weight of the aft section is often enough to go ballistic and drag the nose cone/recovery harness/drogue down with it, flapping along behind. If that happens, it's often because the drogue is orders of magnitude undersized and doesn't provide enough drag to spoil the aerodynamic orientation of the fuselage/fin can.
What if you got the launch angle incorrect? What if it weather cocked or thrust vectored strangely due to a cracked nozzle upon launch? What are the winds aloft and how will they adjust the ballistic flight path? Too many variables for our expected/planned safety margin, that's why they're so dangerous.
Ballistic trajectories are notorious for building enough descent speed that should the main deploy nominally, there's often enough speed to destroy the main parachute.
Conventional layout also helps ensure, with proper drogue selection and recovery harness length, that the main parachute compartment has the spacing away from any other airframe parts to ensure a clean deployment into clean air...and thus more predictable inflation of the main parachute.
If the drogue is sized properly, the main harness will extend fully and the fin can will NOT come to a sudden stop at the bottom, stressing the harness material and the mounting point.
HED is a special case. In HED configuration, the main is often contained in the nose cone, and the nose cone/main/av bay is often purposefully ejected at apogee with sufficient force to FULLY extend the recovery harness, thus ensuring that the main recovery gear starts with the best chance of a clean air deployment.
Also with HED, special care is (or at least it should be) paid to the drogue size, since there's essentially 'unlimited' room for a drogue that would otherwise be considered 'oversize' in a conventional deployment to ensure that there is enough drag from the drogue to spoil any aerodynamics that would lead to a ballistic trajectory.
As with anything, the simulations are free. Make a decision, fly it, and adjust based on empirical performance.