We typically place a hole on the upstream side of the front flange as well. However, I believe that the guardrail system would perform in an acceptable manner if the bolt were placed on the downstream side of the front flange as well. In most reverse direction impacts, the guardrail bolt would effectively be located on the downstream side of the front flange.
Many suppliers are fabricating guardrail posts with hole punched on both front and back flanges as well as left & right sides of each flange. The additional holes allow for the post to be more easily placed at a guardrail slot location without concerns for direction, side, etc. In general, it would seem reasonable to try to follow a practice of placing guardrail bolt on upstream side of front flange.
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