Actually squire boofhead is sort of right! The classics alternate T/E flaps switches IIRC were marked 'pitch up' for the outb'd and 'pitch down' for the inb'd, so I guess there would be a pitch change albeit extremely slow. However whether it would have been useful or not if used in anger I don't know.
Or indeed if the alternate motors lasted long enough, they don't take too kindly to being run up and down continiously.