I would have thought if you run point up then it will be "hidden" or laying flat against the side of the lure, one side or the other.
I've run mine through the swimming pool and the hook point stays down and it moves from side to side much the same as the action of the lure, depending on the trolling speed of course. Once the speed gets up the hook just lies flat against the lure and point exposure is restricted by the body of the lure.
On the Poltie style lures there are no worries about the hook points being restricted. Due to the "upright" stance the lure takes the hooks are always trailing out the back. Hook up rate on this type of lure are not affected, it's mainly the stickbait profiles that have reduced hook up rate, I put this down to the hooks sliding around the body rather than swinging out the back.