Beware the the Curiosity Factor. When joined by the Hypnotizing Factor things could get deadly.

If another person can't quickly determine what you are and your movement parameters they could just run into you while figuring it out. Some light patterns seem to hypnotize people. Way back in Model T days the CHP was having a lot of trouble with drivers running into their patrol cars while stopped with their emergency lights on. Seems people would just focus on the lights and drive right into the cruisers. Changed the lights and although the problem never went away it greatly diminished.

Don't be like the dorks I've seen that had red or redish lights facing forward and were pedaling on the wrong side; facing traffic. Real doofus to do that.

Put all the legal lights on a bike you want. But keep them so other vehicles still know what you are and what you are doing.