From my brief Wikipedying, if counter-rotating props' tops go towards each other, each has a reduced P-factor so the loss of either engine won't yaw the aircraft as hard as if the bottoms come together.
As I don't really care about safety of my aircraft's occupants (usually a couple ants after it sits on the grass) or reliability, I'd prefer to increase the P-factor for fun and flat spin potential. Out of curiosity, does the direction of counter-rotating props (rather, counter- or similar- in a twin) affect the efficiency?