Actually, michealangelo, I beg to differ.
Physical attributes and the type of music decide how long you can sling your axe.
I don't have long fingers like Paul Gilbert or Vai but I love to play instrumental stuff so I sling it up really high, like a jazz player.
Now, if I sling low, I'll start to hurt my fretting hand and if I keep to it, I'd probably get injured.
On the other hand, my fellow guitarist in camp, has really long fingers, slings it low like Paul Gilbert and has no problem shredding and playing arppegios.
So yeah. Its dangerous to persist trying to play in a position that hurts yourself. You'll end up with permanant injuries then.
Of course, you got short fingers but you only play punk songs, feel free to sling it low. Keeps the image and you don't have anything hard to play.