This is a shocker, even for myself, but I'm going to vote for tip up. It's a shocker because I've been an advocate for tip down for the longest time until now.
For starters, one of the more substantial reasons advocating tip down is because it would be inherently safer against accidental openings. Well, my AFCK is tip-down and I've had it accidentally open and cut through my pants before. I guess while tip down may be safer, nothing can replace taking common sense precautions. And for pocket carry, that is to make sure the spine of the blade is wedged against the wall of the pocket. Carried this way, accidental openings shouldn't be a problem.
Argueably, the most common form of pocket carry is the front pants pocket. Assuming all of the above is true, and I don't know how you folks draw your folders, the tip up draw would be more efficient. For tip up, I would dig the thumb into the pocket along the folder and hook the end of the clip with my third finger. After it clears the pocket, all I would need to do now is a slight shift to rest the end of the folder in the last three fingers to thumb the blade open.
If it was tip-down, the blade would have to be pinched above the pivot like you're pulling out a car cigarette lighter, only upwards. When the blade clears the pocket, the folder is placed against the side of the body to rotate the folder into the hand for a full secure grip. Then, the entire blade has to be rotated within the hand again to orientate the blade correctly so that the folder can be thumbed open.
I hope I didn't lose anyone, but after a while, it seems pretty apparent to me that if I was a knife maker considering the general market as a whole, and the blade was for defense, I'd do everyone a favor and make it tip up, and possibly consider writing an article or pamphlet about the proper way to carry and draw this blade. Only catch is to make sure the clip is such that a person can get a good grip on the end with the third finger.
$.02
[This message has been edited by SB (edited 27 March 1999).]