You also have to take into consideration that your not hitting a single point on the ball. Your hitting with a wide point (tip). With a level cue more of your tip is hitting the Cue which in my mind means more friction, therefore, more Cue reaction.
When you elevate, you lower the amount of tip that is contacting the cue. increasing your chance for a miscue. ALSO, if you have to apply any left or right english, you have now turned the shot into a masse.
Just thought, these are all opinions. be gentle.