No, I don't reverse any cards when I use the Faeries Oracle . . . but then, I don't typically use reversals when I'm using a regular tarot deck, either. I'm still very much a beginner with the Faeries, so I don't want to add any complications at this point.
If, however, a card turned up reversed, I would be likely to read it as reversed. As I am pretty careful to not reverse any cards when I shuffle, I'd be inclined to see it as potentially significant if I did draw a reversed card.