Wouldn't this just put the engine out of balance?
probably.
some time ago I talked to a machinist & racer from the 60's about flipping pistons.
he tried it back then, said it didn't do much.
what it does do is move the leverage on the crank and piston speeds to other parts of the rotation cycle.
also separates crank TDC from piston TDC, throws the cam vs piston height off too.
another thing it does is take the stronger side of the piston (some have thicker skirts on the power side) and move it
to the other side of the cylinder. that means the thinner skirt is now on the power (or thrust/vector/whatever) side of the cylinder.
easy to see the effects if you construct a cardboard model of a crank/cylinder/piston/rod assembly.
try it with the pin centered, then for demonstration purposes move the pin all the way to one side, then the other.
I've read that modern engines have the "offset" built into the block to optimise the physics.
on my Taurus Yamaha SHO engines the pistons do not have offset pins, I didn't check the bore alignments.
edit: the guy in the video doesn't use files correctly.
if filing a rotating thing-a-ma-bob stroke the file so it doesn't load up in one place.