The ADBV is a check-valve, and therefore it's function (in theory anyway) should not matter regarding orientation.
What might matter is filter location; if it were up high relative to the system, then the ADBV may not function well if at all, because gravity is the force that pulls oil down when not under pumping force. If the lube system were "tight" enough that oil being pulled down by gravity were offset by vacuum of tightly held oil seals, etc, then there might be some concern.
However, in real life, I have yet to see any evidence that there is any merit to this debate either way. Wear ranges and trends do not seem to be affected by the location of the filter, nor the design of the ADBV. How many engines can one personally attest to that failed specific to the location of the filter or it's ADBV? Makes for wonderful BITOG banter; has no practical affect either way.