I've never used them flipped the other way but I'm sure they wouldn't be too bad. I happen to think they look better flipped up and I wanted to be a little more upright.
I've also found that by using track grips, I'm not limited to only one hand position. I actually like stretching out a little and resting my hands in the bends sometimes, especially when riding on a bike path or other long, straight road. Great bars.