I became intrigued about back bevels after reading an article on the Fine Woodworking web site a couple of years back - mainly to justify my plane collecting habit:
http://www.finewoodworking.com/FWNPDF/011186096.pdf (you will need a subscription to view it of find someone with a subscription who can download it and send it to you - not that I condone that kind of behavior

)
The article reinforces the advice you've already been given, in that the harder or more figured the wood is, the steeper the cutting angle should be. Remember the standard 45 degree angle was a compromise cutting angle for plane makers to produce their planes at, but it wasn't always the standard. Garrett Hack covers bevel/cutting angles on page 46 of "The Handplane Book":
45 degrees = common pitch
50 degrees = york pitch
55 degrees = middle pitch
60 degrees = half pitch
so, I messed around with back bevels and found it helped a ton. I did some side by side comparisons with pine, cherry, and quilted maple. As expected, the common pitch did the best on the pine, the york pitch did the best on the cherry, and the half pitch did the best on the quilted maple. It felt like once you got beyond 65 degrees, you would achieve the same results with a scraper or scraper plane.
I think the issue is that sharpening an iron with a back bevel may take an extra step every so often to keep up with it. Also, trying to hone a 5 degree back bevel can be a little challenging - even the Veritas MKII honing guide only does back bevels as shallow as 10 degrees, so you have to make your own jig to get that low of a bevel. And, hopefully your stone is long enough

Ultimately, it's easier to have a 50 degree frog and just hone your iron normally. The other option is a bevel up plane with multiple irons honed at different cutting angles. Lee Valley offers this for their bevel up, low angle planes. The problem with that approach is that you can't hone a micro secondary bevel for easier honing. Otherwise it's a good system too.
I think one advantage to lutherie is that you typically use quarter sawn stock. Not that I have much experience with lutherie, but I have found quarter sawn wood planes with less tear out for me that flat sawn. On the other hand, a friend went to a woodworking show recently and was telling me he saw a plane demo that really impressed him. The instructor taught them that that if you keep the plane mouth tight, the iron sharp, and the cap iron well tuned and 1/64th from the iron's edge, than you can plane any wood in any direction without tear out. I remain skeptical, of course, because that would mean you only need one smoothing plane, and where's the fun in that
again, I'm a brand spankin' new newbie when it comes to Lutherie so I'm sure there's some particulars about this that I know nothing about, so take my advice for what it's worth. with reading Cupiano's book, I've just been excited over the prospect that I need to set up another plane with a toothing blade. ebay here I come!!!!
hope this helps,
Mike