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The horror, the horror........
A tip up Millie is sacrilege to the Millie boys.
But I am not one of them.
Do it OP.
You're a whole different kind of evil. LOL
Oh but the edge lasts much longer if you carry it tip up, because it will take so long to pull it out and open it.
I think tip down is what makes a Military, well...a Military!
Contrary to what some would believe, there's not a right or wrong answer here and it depends on the individual.
If you try to drill and tap the liner to hold the clip, there won't be many threads to hold the thing together.
Like someone else posted, I used the inserts from a Griptilian. I drilled the holes for a regular Spyderco hourglass clip. I much prefer the Millie tip-up because all of my other folders are tip-up. I'm used to it. I also like that the handle is facing out in my pocket rather than the blade hump which annoyed me when reaching into my pocket.