There are some physics involved here.

Any pen is balanced when held vertically, but as the angle moves away from the vertical, a torque is felt by your hand.
To make matters more interesting, the distribution of mass along the length of the pen is often not constant since the nib and posted cap areas are often denser than the center of a pen. An unposted cap of course does not contribute, which is why many prefer not to post. If a pen is too short, on the other hand, it may not provide enough control.
Thinking about this a bit, I'm not sure if my thought about control is true though. Take a "51" -- do you really have more control with it posted than unposted? One's hand outweighs the pen, after all. Personally I feel like I do have more control with a "51" when it's posted.
Maybe in order for a pen to feel good in the hand, the torque felt in the hand must be low but not zero. A pen that is 7 inches long when posted is just not going to be comfortable.
Getting back to pen angle, I think that those who hold the pen at a higher angle should, in general, find a greater number of pens well balanced than those who hold the pen at a lower angle.
Stephen