yes you can flip the bow ,, no worries,, this is pretty normal,, I think sometimes that is why bows have a bottom limb shorter,,, the bowyer just adjusted the tiller by making new string nocks,, everyone thinks it was designed that way,, but probably a tiller fix,, you could put a temp tie on nock on the bottom limb to see how it shoots with a little stiffer limb,, but as stated above, 1/8 is not something to worry about especially if the bow is shooting well,, like you said,, the bow string may be better aligned with the bow flipped,, making better arrow flight,,