In my 50+ years of playing this "game" I have found that there certainly is height information that is being processed by your brain, albeit a phantom, as is the center channel.
Moreover, to my ears this is very recording dependent, acoustic guitar and singer I prefer not to hear them on the ceiling as that is outside of my live experience.
Large orchestral pieces "should" sound like you're in a proper theater setting.
At about three minutes into Steely Dan Aja there is a police whistle, on my rig it actually sounds like it is outside and across the street. YMMV.
Regards,
barts