A 320-amp residential meter feeds 2 150-amp service panels with 2 piecse of 2/0 SEU.
At the meter, each SEU is connected as Black=L1 and Red=L2. At the main CBs, each are connected as Red=L1 and Black=L2.
Although this seems OK, it just doesn't sit well with me.
On the other hand, it doesnt seem any different than randomly connecting a 240-volt load with no consideration to polarity.