Format (if ...) branch-clauses with an indent (normally two spaces):
(if (predicate ...)
(true branch ...)
(false branch ...))
It seems common to format (if ...) branch-clauses with alignment – they vertically align with the predicate clause. But this is actually inconsistent.
Consider the often used forms: (define ...) (do ...) (lambda ...) (case ...) (let ...) are indented, but (begin ...) (cond ...) (and ...) (or ...) are aligned. The implicit rule seems to be this: indented forms have a special first element – e.g. the ‘name’ in (define ...), aligned forms do not – all elements are basically equivalent.
(if ...) does have a special first element, so it ought to go in the indenting group.