I have the HC 3/70, which is what the RM2 was originally called (according to The Hasselblad Manual).
It's definitely for eye-level straight-ahead shooting. I enjoy the magnification of the focusing screen, which I thought was 4x but is apparently 3x -- it's more than enough. I also like the diopter adjustment.
I believe the 45-degree non-metered PM5 would be more to my liking, simply because I wouldn't have to hold the camera up as high and I could hold it in closer or use it reasonably on a tripod. However, I paid very little for the 3/70, so it's worth it for those occasions I'm not using the camera and waist-level finder on a tripod.