That's what I did and have no problems. I basically treat the HPWC has a permanent mount UMC which is much more durable. Just note with that power cord, there is a white neutral cable that is not used. Simply cut it off and cover with some electrical tape.
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Yes, mine is upside down. I did that so the cables wouldn't cross over each other. Also, I believe there is a thread somewhere (or maybe earlier in this one) that discusses if this actually meets code or not. As long as you set the HPWC to a 50 amp circuit and make sure nothing can easily catch the 14-50 power cord, it should be safe.
which electrician did this for you?