Yes, I have also seen many guitars bound in curly Koa. It is a beautiful figured binding material. That said, functionally, I am not a fan because it is a relatively soft hardwood. This defeats the protection purpose of binding in my view. As a purfling material however it is a great visual accenting choice against a dark binding.
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A bunch of nice archtops, flattops, a gypsy & nylon strings…
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