Arachnid, if you read my post above George's about splitting the 4x4, it kind of answers that question. What George is saying about quarter sawn wood, either boards or backings, is that on the face the ring lines lines can be perfect, (parallel, straight, and run full length), but viewed from the skinny edge, the radial grain can be doing whatever the heck it wants, and you probably won't be able to tell. You often get pretty sharp run-offs back to front that way.
I've even had BELLY slats of QS osage, bulletwood, or goncalo alves fail because the grain ran back to front at really high angles, and I couldn't see it. A backing, just like a board-stave, can be any growth ring orientation, but the grain has to run straight on the face no matter what.
So, if you mean that on a flat sawn board there are lots of V's close together, with their points running out, then no, that isn't good. That means the board was flat sawn at an angle, or from a curved, tapered, or lopsided log.