Holding the bracket in the right hand isn't very stable. The left hand doesn't do anything to steady the camcorder. Also, it denies ready access to some key buttons (record & zoom). I'd actually be better off not using the bracket at all (I don't absolutely need the bracket to mount anything).
One solution that'd give room to the LCD screen is to mount the camcorder on a pistol grip, and then mount the pistol grip on the bracket. You grab the pistol grip with your right, and you hold the bracket with your left. That's stable. But then you still don't have access to the buttons.