To move item(s) a long distance vertically, keeping as a sibling, press Shift while dragging up or down within the siblings.
http://www.kinook.com/UR/Manual/drag...ltrarecall.htm
The request at
http://www.kinook.com/Forum/showthre...?threadid=1262 to maintain the original location (vertically) when moving left or right in a manually ordered list has not been implemented yet (although the option for manual sort default has been [uncheck Tools | Options | Trees | Alphabetically sort when adding children to new items]).