I have had this exact problem for a long time. I've posted my issue on a couple of forums and everyone says the same thing......time, flow, or lighting. My monti caps grow down to the point of wrapping around the bottom of the rocks they are on.
-Time, this issue has been gong of for more than two years. I don't believe time is the problem.
-Flow, I have an RW20, a WP60, and a WP40 in my 220. I've rearranged these powerheads in all types of configurations. Nothing seems to change the monti growth pattern.
-Lights, I have only had LEDs, but I've had two different sets of lights. Same deal with both sets of lights. I used to have my monti caps in the center of my tank where the ligths were brighter. The really grew down. Now my caps are at the ends of my tank. They don't spiral, but they aren't growing straight down either. I had a huge red monti cap that I threw in my sump under a Home Depot household bulb that I'm guessing is about 3500K. Guess what, my monti cap in my sump is spiraling up!
My conclusion is that this is all lighting related. Montis reach up and spiral if they are not getting blasted by LEDs.