Hi, I looked at a 200A Sq-D panel yesterday before I installed it and the panel can be installed in any vertical position. I have always been aware of the LINE/LINE markings in the panel and knew that the panel could be installed breaker up or down.
I guess I have never really had a reason to do it.
I think it is better up high. People like to lay tools, parts and other FOD in the bottom of the panel. Having the breaker low could be inviting trouble.