But it turns out that it doesn't matter whether you place the thrusters high or low, stability-wise. What matters is that the center of mass is in front of the center of the center of pressure.
Aren't they just as stable as regular rockets, but it's very inconvenient to put the thrusters on top?
It's called pendulum rocket fallacy and from what I can tell that's the case.
But it turns out that it doesn't matter whether you place the thrusters high or low, stability-wise. What matters is that the center of mass is in front of the center of the center of pressure.