It gets back to the point of near-field vs. far-field mic'ing of the instrument. If you're in the near-field, you're only getting a piece of the picture, anyways. At any given mic placement, you're getting an on-axis picture of where you're pointing it, and an off-axis picture of the areas you're not pointing it at.
In the far field, where the different radiation patterns are no longer as much of a consideration, then your're mic'ing the whole instrument, and the mic can be pointed at the instrument, or away from it.
In the end, experiment with your ears. Take a mic at a given placement, and point it in different directions with respect to the source. See how that colors the response differently. See, built in EQ! Far too few home rec'ers actually fully explore these options (myself included).
-mg