I belong to the under-the-tape, up-to-the-stem school. Tidier. Always out of the way. Friction not an issue. If desired, and if there is no other conflict, like a bottle cage mounted under the down tube, you can run the housings to the opposite ("wrong") down tube stops, and then cross the wires under the down tube. Makes for a cleaner curve of the housings, and less housing rub on the head tube. But note -- you will likely have to buy a tandem rear der cable if you run your housing that way.
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