It depends on where you put it.
When I first got mine, I mounted it directly behind the stem as I used it for my water bottle and wanted quick access. The only downside to this was when folding the bike, the bottle sticks out. This in turn made it difficult to get the bike in our car, which meant removing the bottle every time it was folded. But I appreciate this won't be a problem for everyone.
In this instance, I had it mounted quite high as follows:
But over the winter, I've used it to store a modified water bottle that houses my battery for my front light. Because I keep this bottle on all the time, and because of the problem with the fold, I've mounted it offset and while the cables sometimes snag, it's not caused any problems with turning. The best advice is to do a final fit with the bike folded so you can see where it needs to go, mine butts up perfectly against the luggage block when fully folded down and doesn't stick out wider than the forks.