I have mine as high as possible. Here is my own thinking, though your own personal interests may vary.
1. Less chance of being hit/broken by flying debris on the road. Maybe?
2. I still have enough length along the wall of my 6X12 for cabinets, should I ever decide to add them. They were in my original plans, and have since been scrapped due to lack of immediate need.
3. When windows are opened for cool air ventilation, more hot air will exit if the window is higher, and air will circulate better. Probably a minor thing, but I thought about it.
4. Privacy. Should I have the curtains open during the day, and possibly because the window is open for air circulation, its harder for someone passing by to see inside. Security and privacy.
5. At night, headlights and other light sources will not hit my eyes while sitting inside or sleeping on the bed. I'll be below the direct shot of light. And again, security so people don't look inside and make me a later target. (fly rods and/or someone tying flies can do that, not to mention camping gear we all have.)
6. The bear has to reach up higher to break it open, should he or she desire.
(They're nearly everywhere I camp, though not commonly a problem with clean campers doing things right)
7. As I'm sleeping, I can still leave the curtains open, and look up at the stars and/or moon light, rather than the lights from other campers that may be near by. See number 5!
OK, some of those are a stretch, but those were my reasons. I couldn't think of a reason to have them low. If I want to see something outside, I can either a: stand up and look out, or b: better yet, just go outside! Both easy solutions. I'm usually outside anyway. Wall space was not an issue for me.
(latest pics coming very soon!)