Ignition coils in the 1920s were made differently from now. To demonstrate that, hold one of each coil near your ear and give it (the coil) a shake. The old one will not make a sloshing sound like the modern one. The old ones could be mounted with the terminals down but not the modern ones unless you are OK with coils failing. In my first year of Model A ownership, I had 3 coils let me down so on the advice of an experienced owner, I turned it over. No failures since. Epoxy filled could may be different, I don't know.
For authenticity, terminals down. For reliability, terminals up. It's up to you.