Winter bike / Snow bike thread

There are very good reasons for having your load low down by the sides of the wheels. There are also good reasons for not doing this on a off-roader/ fatbike.

Assuming your good reason is stability, doesn't the fact a bike is an inverted pendulum mean putting the weight higher up increases stability, eg penny farthing, stable vs. recumbent, unstable.

In my experience using panniers ruins the handling of a bike, decreasing stability.