Hi,
i think it depends what you drink, if you are drinking beer or alcopops or a mixer with normal coke/lemonade then it's likely to make your BG shoot up quite a bit and like you've noticed as the body is too busy getting rid of the alcohol it doesn't release any glucose into your body so you tend to drop later on.
I personally stick to spirits and a diet mixer. As i use an insulin pump i also temporarily lower my basal rate from when i start drinking to the next morning. When i was on MDI i ALWAYS had a hypo in the night when drinking because i just couldnt get it right. So i stopped drinking for a while because it just wasn't worth it.
I also make sure i have something to eat before i go to bed, if i'm eating i still have quick acting insulin, but i work with a 1:10g ratio, my normal ratio is over double this so really i'm only taking half the insulin i would need to normally.
But this is from trial and error, i've worked out from what i drink that this works for me, usually i wake up in the 7's after drinking, and along with my reduced basal rate and i like to bop around when i'm out drinking too so i've worked it out that's what's best for me
It's quite common to reduce your basal insulin before you go to bed if you've been drinking, as Jopar says the body takes a while to clear out the alcohol, so it can affect you long after you've stopped drinking, especially if you've gone to town
I always always test alot when i'm drinking too as the last thing i want is to exit the pub via ambulance!!