The point of having alt-hook is to stay on the ground and fight from the ground up, firing rockets at your airborne (or ground opponent). With the alt-hook you are supposed to stay on the ground and fight. Like I said if you keep him in your sights you only have to stay on the ground and switch weapons, rather then take your view off entirely off your opponent to look and hook to your desired location with the +hook.
The usage of the alt-hook is to get to items, most fighting is done on ground using this configuration.
Yes I am awesome, and that is why I switched to this configuration. I was as good as I could be with +hook until I experienced its weaknesses and decided to change it entirely around.
And if you are in mid-air, you can just switch to a weapon and fire back at your opponent, your hook will still go where you fired it. You just have to push more buttons with this configuration but if you do it fast enough it will offset taking your sights entire off your opponent to hook away with +hook.
In addition it is still possible with alt-hook to hook onto and opponent and while the grapple is active and AXE them

I hope this answered your questions.
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