Well I tend to use the cockpit view first, but if it isn't done right(like in TDU where it has lagging motions as though you're driving drunk or something), I switch to hood view. If that doesn't work(wrong fov or positioning or whatever), I switch to the bumper view. The only games I choose to play with the chase view are those designed that way, like GTA.
Regarding the LFS cockpit view, I think my settings are close to default, but one thing I would definitely emphasize, and which makes driving from that view in LFS so great, is the option for
view to follow the animation! That's done subtly(unlike some games), but brilliantly, and it let's you peak towards the apexes of the corners and also makes drifting easier and more realistic!👍
disclaimer: I've seen videos on youtube where people have messed with settings too much and it's actually worse and not better(in my eyes). Just sayin'.