It's generally not a good idea to turn any 4 stroke upside down for an extended period of time, and never run it upside down. You could try it for a few minutes, then when you turn it rightside up again pull the spark plug and see if it's oiled. If the plug remained dry it might be okay. There is a tube that usually runs to the air cleaner to vent the crankcase and valve cover. Oil may run out this tube, so always check the oil level after it's been inverted. Let it sit right side up for at least several minutes before starting.
Good idea on draining oil. I have inverted 4 stroke engines (some deliberately and some not.....) without any
effects other than oozing oil out of various orifices, but draining would solve even than problem.