It'll be interesting to see if you get a definitive answer on this from anyone outside V&H. My notion is that so many things are very timing-critical in the ECM that it'd surprise me if the sensors don't get polled when what roughly corresponds to the center-of-mass of the exhaust event has got to where the sensor is located. Probably putting a freer-flowing system on changes that anyway, and workable results get obtained every day doing just that.
The other side of the coin, however, is that the smaller sensors you have won't thread into those bungs anyway if the bungs are for the larger unheated sensors. If you used a bushing of some sort to get them to screw in you'll assuredly not have them protrude sufficiently into the pipes to do any good whatsoever. If the bungs are the correct size for your sensors, then I'd say that's where V&H wants you to put them. If the bungs are much further to the front and the system is also much freer-flowing, then I'd think the location is the wrong direction from stock if timing is critical at all.
V&H make some good-looking stuff but I'm not impressed with their attention to detail in terms of O2 sensor mounting and configuration. If you're not going to run closed-loop then it doesn't matter, but why would anyone want to do that in this day and age?