Thanks everyone for the replies, a bit of context to answer the obvious questions- I’m in a situation where my frame (Cotic Flaremax) has room to spare for a 150 post but not quite enough for a 180. Because of my short legs and where the linkage pivot is located on the seat tube, a 180 post lowered to 160 would end up taller than a 150 modified to 160, both fully dropped.
Because I already own a 150 and 180 (and some of the oversized shims sold by oneup), there wouldn’t be a financial cost to trying it out. At worst, I would be out some time, a few oversized shims, and maybe a rebuild kit.
The flaremax is a nice frame with a weirdly addictive ride quality but it would be *that* much better if I could get the seat out of the way a tiny bit more. For people with normal-sized legs this probably isn’t an issue, but for me an extra 10mm would be a worthwhile improvement.
It seems the limiting factor in terms of reducing the length of the lower tube on dropper posts is the air cartridge. Since oneup already have a proprietary cartridge, and they credit the cartridge as one of the reasons their posts are the shortest relative to length of drop, my guess is if/when v3 is released, it will feature either a shorter cartridge, or possibly a new way of mounting it higher within the upper tube, or a combination of both.
Thanks again for the replies, they have been helpful by both confirming suspicions and giving me other things to consider. Not sure if I’ll end up trying this experiment but I do have some vacation time over the holidays and may find myself looking for something to do!