I realize that I never gave the conclusion of this test. First I want to say that I believe it is possible to fully switch over and feel decent each day. But I choose not to go all the way. Here's why.
1.) Staying up late and having too much free time on one's hands makes it easy to waste time. It was for me, and I realized that such a lifestyle was not making me a better person.
2.) I feel that living with such a lifestyle completely throws off your body's life cycle patterns. For instance, melatonin levels would seem to be completely out of sync and probably produced with a diminished level. (Melatonin is an important chemical which helps with sleep, fighting free radicals, and helping with immunity).
3.) Living with such a sleep cycle impairs your daily life, causing it to revolve around naps.
4.) Lastly, and perhaps most importantly, I felt that living such a lifestyle was hurting my mind. I found it harder to memorize things.
So if you want more time each day, but are willing to impair your online judgement, messing with your body and mind, and having naps infringe on your other life activities - go for it. Try Polyphasic sleep.
For me it wasn't worth it.
