I once had a hip quiver as described and, like others have mentioned, found that it wagged my arrows around like I was waving a flag. The only use I have for it now is to (rarely) wear it for carrying my arrows into my stand before daylight and then taking it off once I get in the stand. In other words, its just a freight hauler, because I could never be stealthy enough with it to attempt a stalk.
Now , however, I generally carry a back quiver, and usually use it primarily as a freight hauler, too. I am just too clumsy to do much spot and stalk hunting.