Well, tested it out a bunch of times today. Seems to me the higher my elevation, spread the flags out better. Here is the video of a few of the drops:
The weight of 10 flags made it kinda squirley to fly. I'm sure its due to the CoG being off. Still, pretty fun! I slowed the video down to half speed so you can see it all happening. Make sure you watch it in HD or it will be hard to see the flags.