I like a Strat style plastic knob on the Tele pickup selector, since it is less crowded for space.
The Tele did go through two (at least) two wiring changes before settling on the modern one in the 60s. I have always found those earlier ones to be a little bizarre, but they are each cool in their own way.
Since my Telecaster was routed for a humbucker in the middle when I bought it, I wound up putting in a 5 way switch. Positions 1, 2, 3 match the pickups. Position 2 is a combo of neck single and the humbucker (I love this, the result is very crisp sounding), but position 4 is a coil tap of the humbucker.