Yes.
I think we're missing the point here.
If you are in a landing configuration and decide that you need to reduce flaps, then you have done something wrong, and should not be where you are.
The best plan is probably to go-around and get it right, rather than attempt to fix something that's gone wrong.
Flaps do 2 things:
1) enable the plane to fly slower
2) increase drag drastically
the first should be used during certain phases of flight (takeoff in some aeroplanes, approach and landing in most)
the second should only be used when you're "there" on final, as in short-short-final
there are exceptions, of course, but that's what you should be trained for, and what should be "normal" on most light aeroplanes