I did about 3 rides with new new set-up, this being I had 5 little spacer so I could play around with the positioning. I tried slammed, but did not quite like it at the time, rode with 2 spacers below, and liked that a lot more. I cut it so I could have 2 spacers of play, now I run 1 above and 1 below the stem. I could cut it again, but the weight savings and aesthetic appeal is a minimal gain for the second cut.
Summary: 3 rides with a set-up that I could cut more if I needed to.