"It's "supposed" to be the top of hardwood and the bottom of conifers."
This is how I heard it, and I think that for QUALITIES of the wood this is true, like for density, elasticity and such.
But, like Jim Davis said recently in another thread, sometimes it's about using the best stave even if the wood is merely decent. I often take two bows from say, the upside and downside of a leaning elm sapling and the wood is different, but not that much different. The up side will dry into more reflex, but the bottom will be more dense and harder, making a narrower bow or the like.
I have never used conifer compression wood, but I've been tempted. It seems obviously more dense and strong. I didn't understand everything Willie was saying about the back and belly, though. Taking a stave from the upside of a juniper branch to me comes down to the fact that long shaded up side will have no branches or knots for decades, while the underside often has tons of greenery hanging down.