Ben, I buy my boo from Bamboo Australia. The last lot of stuff I got was direct from the farm. I wanted to try Madake, Japanese bamboo. They didn't have any cut, dried poles, so they cut a green one and split it up in front of me. The splits look fine to me, and haven't twisted. Its been about 3 years and they still look good.
I also bought a culm of Tonkin cane at the same time, it was dry, left in the round, and has lots of cracks, which might lead to loss of material, if I split it for bows. Probably less of an issue if I use it for a split cane flyrod( been saying I'd make one, for years.
I'm not sure what the other guys are referring to as "curl" that makes it unsuitable for a backing. I haven't noticed any across the width, no propeller, and they still stay straight along their length. They can take a slight deflex bend, but that has no effect after you prepare it for backing.
Personally I don't think it matters when you split it, at least with the 2 types I just mentioned. Moso might be different though. All of the Moso I have got in the past was already dry. It usually has several uncontrolled splits, and mould in the interior. Still manages to make decent backings.