Best way of drawing h circumflex

Hey guys!
I hope you can help me decide what's the best/prettiest way of designing the Esperanto letter h circumflex (ĥ)
Personally, I don't really like any of the usual ways because it's either too high or too offset in my opinion
Designing my new font, Stenfree, i tried different options.
The first one looks kinda pretty but I'm not sure about legibility, though. Number two to four are the typical approaches.

Thanks in advance

PS: I didn't do kerning & hinting yet. That's why the text-preview is so pixelated/low quality :)

Here are the letters in higher resolution: