Paul
First of all, that new sort of yard ‘just happened’, back in 2012, on Edmond Dantes, since the aluminium supplier/welding shop, was about to go on holidays. I then just received the yard tube and a batten tube, and decided to try if it worked this new way. I reckoned that the main tube was almost strong enough, and the batten tube would only add some stiffness in the vertical plane. This is needed on cambered panel sails, since all the vertical loads move out to luff and leech.
This worked perfectly well, and since then I have rigged two more boats with that sort of yard (Frøken Sørensen and Ingeborg)
Actually, recently I have been pondering if I should turn the yard upside down, as you suggest. Before re-installing it, I would like to bandage it along its full length (I would probably just stitch on more of that PVC canvas I use at the mast. The foggy idea around this is that the 70° yard, which actually is a big part of the luff, would form a round wing-like leading edge, which would do some good to the sail.
I would encourage you to try it, yourself. I can see no structural problems with it, at least.
Cheers and good luck!
Arne