More importantly, it moves it to the rear.
I think the most important point about FELs that most people miss is not how high or low it moves the cg - it's how far forward it moves the cg. Remember - you're driving a triangle. Your 3 points are the two rear tires and your front axle pivot. Putting that FEL on - and even worse, adding weight in the bucket - moves the cg forward towards the narrow "tippy" part of the triangle. Adding a rear mower moves it back towards the wider, stable part of the tractor.
If you mention "center of gravity" and "front end loader" in the same sentence, you should also mention "forward." If you're only talking about "higher" or "lower", you're missing the biggest reason* that a FEL makes a tractor more likely to roll.
It's a nice day - time to get outside and get a few sidehill pictures.
* I'm assuming that the operator is carrying the bucket low to the ground. Obviously, raising the bucket raises the CG significantly.
Yahh but...
If you are including "triangle" you should include "rectangle", for when the bucket is EMERGENCY dropped (-:
Now, if you have several hundred pounds on the 3pt and it is LOW to the ground, but things are still getting tippy - you gotta SERIOUS PROBLEM happening.
I still want that 4 point landing and to get it I will take the pivoting front axle out of the equation.