The rear sight is [i]not[/i] in the way of the Aimpoint CompM-series if the sight has been properly mounted. None of the sights are visible, the only thing is that little dot floating out there.
The best rear sight for behind the Aimpoint is the one that comes on the detachable handle. Hacksaw, belt sander, and a bit of Aluminum Black and you're good to go. The little Diemaco plastic C8A1 rear sight is pretty good too.
Positioning the dot away from the eye, and the rear sight is required. On a flattop push it to the front of the rail and use the GGG cantilevered mount. On the SIR System (or similar) it can be mounted right behind the front sight.
On a handled receiver -- remember KISS? -- mount the sight over the handguards on either the Aimpoint Forward Mount or the ARMS #39A2Plus.
If you're trying to sight the dot -- cheek weld and all -- you'll probably got your head too low as well as the sight. The iron sights should appear in the lower section of the Aimpoint.
And, no, you can't flip a rear sight up as [i]fast as you need it.[/i] If it ain't there when you need to pull the trigger you're out of luck as both hands are occupied.
Remember I'm talking about weapons and uses where the targets shoot back. [;)]
-- Chuck