It's a matter of personal preference, so you'd just have to try the Hogue release to see how you like it.
FWIW, I don't care for it. It interferes a bit with my strong thumb position, and I have to actually reach back with my thumb to work it. And strangely, the serrations are vertical; seems to me they ought to be horizontal or checkered for max grippiness.
Another popular aftermarket/oversized release is
California Competition Works' latch. Ergonomically, it worked better for me than the Hogue.
In the end, though, the factory design of the newer style release works best for me. My preference, then, is either to keep it stock or the
SDM latch, which is
very grippy.
I've not had an issue when drawing with either the Hogue or CAComp, but I'm using an OWB kydex holster. For concealed carry in close to your body, snagging might be a concern.