Think trapped air.
With the hoses at the top of the side mount radiator for the CPU, your just cavitating trapped air through the lines to the Cpu heat transfer manifold over and over again.
So yes, on the CPU chassis mounted radiator, it needs to be flipped so the hosed are coming out of the bottom side. This keep any air in the system trapped to the top side of the radiator, instead of being cavitated air to the CPU heat transfer manifold over and over again.
On the GPU, you have to remember that the fluid pump is in the GPU heater transfer manifold, so If all the PCI-E slots are the same, I would move the GPU to the bottom slot if possible (may need some 90* fittings). This insures that any air trapped in the lines/GPU block is forces out since it the lowest part in the cooling system, and the trapped air in the system ends up at the top of the side mounted radiator as well. If the GPU needs to stay in that pci-e slot, then would think about moving the raditor for it to the top of the case. This would put the GPU block at the bottom of the system, so any air would be trapped up in the raditor instead.
Really, it just comes down to how far you are going to overclock the system, and how much cooling you need before you get a melt down instead,
but any air in the system making it way to,or trapped at the manifold heat transfer blocks is a bad, bad thing. This is why the radiators are always mounted as high as possible in the chassis, and the cooling pump with block the lowest mounted item instead.