In reply to Paz:
I have no experience of heavy climbers flipping upside down - I have never seen that and I didn't say that! My only speculation was re air resistance (hence I said "possibly" at the beginning of that sentence). The only time I ended up rotating beyond the horizontal to a slightly head down position was when one of my heels clipped a ledge halfway down. On that fall (which was about 70 feet) I had already rotated to an almost horizontal position by the time I clipped the ledge. That fall was a case where my hands slipped first.
I said the climber's centre of gravity is close to the attachment point - not above it - unless the harness is set too low.
Actually, I have always been surprised just how well most waist harnesses perform in falls - this is probably why chest harnesses are hardly used nowadays. (The only time I have used chest harnesses was for my children when they were very young.)
Going back to the OP's original question, if the climber does rotate beyond the horizontal the arrest tends to pull the attachment point somewhat towards the feet, putting the climber's centre of gravity on the wrong side of the attachment point so that the climber tends to remain "inverted". It is obviously very important that waist harnesses are sufficiently tight that they can't slip over the hips. Luckily, the proportion of falls that end up with the climber inverted is quite small in my experience (which is also Wayne S's experience, above).
Post edited at 00:09