As an aside (since BigInch's link included them), I love reducing elbows. I once did a very precise measurement of the pressure across a reducing elbow vs. a concentric reducer before or after the elbow. The instruments were calibrated to +/-0.001 psi. The test was trying to change a policy that excluded reducing elbows so I had latitude to spend a bit of money, but it wasn't unlimited.
I ran the test at 4 different inlet Reynolds Numbers (all in gas, all turbulent) in each direction. For the reducing tee in reducing direction (6 inch down to 4-inch), pressure increased at each Reynolds Number. For the reducer-and-elbow in the reducing direction, pressure decreased at every Reynolds Number (my hypotheses was that we got boundary layer separation in the reducer that added to the dP, but I never did further tests to asses the hypotheses). Going the other way, the reducing elbow gave me a lower dP than the reducers and elbow every time. In short, the reducing elbow out performed the company-approved methods in both directions at every Reynolds Number tested with 6-inch and 4-inch pipe.
Granted, I needed every bit of my calibrated precision to show the differences (they tended to be on the order of 0.01 psi difference), but I made my case and got the stupid company standard changed. My real point was that it saved a weld, but better hydraulic performance was valuable icing on the cake.
Before anyone asks, this report was company internal at a time that the company did not allow publishing any technical data. It isn't published anywhere and I couldn't give you a copy if I still had one.
David