Low ready is what I was taught and am used to. The only time my gun comes anywhere close to my face is doing a combat draw in close quarters. In that case I would most likely be shooting with my elbows tight and my gun in two hands just in front of my solar plexus. I don't like doing that, especially when I am shooting 125 gr mag loads from my .357. It's hard on a 3 yard target and I would have to think it would be hard on a boogerman but my oh my do I hate that muzzle blast. I was out earlier this afternoon doing that very drill only on 15 yard targets. It's a lot more fun when I use 38 spcl ammo.
Good intentions will always be pleaded for any assumption of power. The Constitution was made to guard the people against the dangers of good intentions. There are men in all ages who mean to govern will, but they mean to govern. They promise to be good masters, but they mean to be masters.