I reiterate that LOF of one allele does not always lead to a phenotype, it depends on whether haploinsufficiency of that gene is sufficient to affect its function. In some cases, the loss of an allele can be less severe than a missense mutation.
The example that springs to mind is mutations of COL1A1 leading to osteogenesis imperfecta. There is some genotype-phenotype correlation. Often a nonsense mutation or frameshift leading to nonsense mediated decay (a "null allele") will have a less-severe phenotype (due to reduced production of collagen. On the other hand, substitution of a glycine in a Gly-X-Y repeat can lead to a dominant negative effect where the abnormal protein product interferes with multimer formation. (for another description, see section 16.6.4 of http://www.ncbi.nlm.nih.gov/books/NBK7574/)