This has been discussed before. If you have the energy to do a search, do take a look.
I can give you the highlights that I remember:
- The old-timey airplanes had quite a bit of separation between up and down lines, which accentuates any effects compared to typical leadout arrangements of today.
- From the discussions I recall that there is a subtle difference when you swap up- and down-lines
- If you set the plane up with the up line in front, then as soon as you're inverted the "goes away from the ground" line will be in back. In other words, whatever effect the leadout placement has on inside maneuvers will be flipped on outside maneuvers.
- If your construction is typical, with most adjustable leadouts you can flip the leadouts. Yes, they'll cross one another inside the wing, but as long as you make sure to uncross them if you change your mind there's no harm there
I have a policy of not worrying too much about differences that I can't discern when I'm flying, unless I'm getting coached from someone who can. I suspect I'll never be a good enough pilot to be able to tell the difference, so I'm not too worried about it. From what I remember about reading what
really good pilots have to say about this, it's like the whole clockwise vs. anti-clockwise prop rotation: it'll improve some maneuvers at the expense of others. For both prop rotation and leadout position, I often hear it justified
specifically because it makes the third corner of the hourglass better -- even though it has a slight negative impact on your inside corners.
Post-COVID I've judged a lot of really crappy hourglasses -- I'd say that when you're flying good enough so that you're doing an hourglass that's actually intersecting at 45 degrees above ground, with lines that are 60 degrees off from each other, with a second corner that's as tight as the first --
then you can start worrying about whether you should refine the third corner of the hourglass at a slight cost to every single inside corner in your pattern. We're literally talking about bumping a 34-ish point hourglass up to a 36-ish point hourglass, or maybe 38-ish points to 39-ish points -- if you're doing 30-point or lower hourglasses
stop worrying about it and go practice more.