I agree the load points remain the same. IMHO most of the improvement would come from the radius arm to axle mount. When more travel is added, the arms are allowed to droop more and when flexed, the drooped arm becomes effectively shorter, stuffed arm longer. This tries to angle the axle compared to rig centerline, pulls the drooped side of the axle back and pushes the stuffed side forward. Due to the relatively long, narrow arm mount boxes, the arms contact the mount boxes stopping flex travel.
In our experimenting, more arm angle, wider the arm, smaller arm to mount box clearance, all equal less flex and more force need to flex, regardless of spring, sway bar, etc. Flatter arms would have less effective length difference, so would have less arm-mount bind, would flex easier. In my experience freeing up the front makes a huge difference in ride comfort.
If the mount boxes get cut off of my axle the new ones will be wider, with spacers/spuds welded in, to center the bushings. This would allow for more arm movement before bind.
IMHO the advantages of arms on top would be better clearance, easier/more flex making for a better ride. The disadvantages are the amount of work, the stock arms aren’t shaped the best for the job, so fitting sway bars, etc, would be a trick. Having run a rig with easier front flex, I wouldn’t want to drive it much on the highway without a sway bar. IIRC Dobbins(?) in Australia made/makes custom arms for the arms on top mod?
This pic shows what I’m referring to. Should have shot it with a straight edge on the bracket, it’s hard to see, but the lower corner of the bracket is flexed out. The front end of the arm is jammed into the other side of the bracket. The next pic is my arm, it is .3” narrower than stock, flexes much more and never hits, but they only use 3 axle end bushings, so pretty much moot point.