Very good point about the center, Charlie. However, I think most here are using 'flat' tooling. Done this for almost 35 years, and still doing it every day! Still love it! Only tool I ever ran upside down was on an old W&S turret lathe, had a cut off tool on the 'back side' of the parts being ran.
Another thing to think about is the radius on the nose of the tool. A small radius (1/64) will give a better finish than a sharp point on the tool.
you know of course, Paul, most folks in the field today wouldn't have a clue what a "turret lathe" is. all of the cnc makes something like that to much work, actually having to index the head manually, etc. and yeah, your right, not a lot of backside tooling done, but plenty of reverse and upside down to clear weird chips and avoid facial burns. bronze castings come to mind.