To add it to your homescreen select menu>add>widgets and then you will be prompted to customize the time display options!
If you like this application, feel free to donate a few dollars to my cause: http://www.tswartz.net/android-applications.html
If you have any questions or concerns, please do not include them in the review, as I cannot respond to them- instead, please email me using the link provided on the Store Page. Thanks!
Please be aware that I needed to remove the color picker, as it was causing the app to crash. I hope to return this feature sometime soon. Volunteers are welcome!