There's a host of things to sort in AMS2 to enjoy it to the fullest, like getting your FFB set up well.
That's for another time though, first, here's how to order your huds in-game.
You have two cockpit huds, plus a telemetry hud and a clear screen option that you navigate through a funky switch or D Pad depending on your wheel. The key bindings for scrolling through the huds are in the Options/Controller/Game setting.
Here's what the 1st cockpit view in options looks like:
You can select the option you want and move it where you like as well as enable/disable all the elements too.
Here's mine with the leaderboard, full speedo, full tyre/damage/wear & the laptime icons.
The 2nd Hud, and the one I actually use during races is the Light version. Minimal speedo and tyres and the relative timing screen enabled.
There is more you can adjust such as size and depth and other tricks explained in the help screen seen above in the customisation menu. These setting will be mirrored in both VR and monitor view with slight differences.
If you wish to use Crew Chief or Simhub you need to enable shared memory and UDP in the system settings. If you don't use 3rd party apps don't use UDP as it's been known to cause issues.