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Why has he got that many spacers then?

The drop on that stem is the same he built up with the spacers, it would look a whole lot better and the bars would be in the same place with a sensible stem on and no/less spacer. I think its too much effort to have an agressive stem.

The stem is lovely, so should be used. If you flip the stem and then use a flat bar, the hand position would be the same. Not sure how the owner came to the conclusion that to achieve the desired hand position, you need to go umpteen spacers up, steep stem down, and then riser bar up again.

Although IMHO it wants drops.