I use the top one for my circular needles. It takes up no space and keeps the cables straight. You just have to make sure you have a needle sizer handy--I keep one on the hanger.
"Trust the pattern!"
Time flies like an arrow, but fruit flies like a banana.
Hop aboard while we follow the cloud-covered van of knitting harmony, man!! Woooo!! --Hedgehog
IngridKH on Ravelry