Depending on the location/orientation of the drain plug, that can make a (small) difference. My car's, and most are like this, drain plug faces the rear of the car and is effectively on the 'corner' of the oil pan so raising the front end of the car or driving up on ramps is ideal for getting 'more' oil out vs the car being raised on a lift and kept horizontal. Is it enough to matter ? Nope ! Not to me or the majority of people !
When you say 7 quarts for the Corvette, do they mean the "dry" capacity, as in how much is put in at the factory when there's NO residual oil that can possibly be 'trapped' in the engine ? I've seen that mentioned in manuals many times and as far as the owner's manual goes, that's still to put that value in there as it doesn't apply in 99% of cases.
When you say 7 quarts for the Corvette, do they mean the "dry" capacity, as in how much is put in at the factory when there's NO residual oil that can possibly be 'trapped' in the engine ? I've seen that mentioned in manuals many times and as far as the owner's manual goes, that's still to put that value in there as it doesn't apply in 99% of cases.