No one but yerself is positing that it even IS a problem.
You say, "if". What "if" it is NOT a problem? I suspect good forstner bits are jes as flat as those pricey pointless bits, with only the "point" extending beyond the flat cutter arms. In fact, if one has a drill press and good HSS bits, what's to prevent one from grinding down the "point".
According to Wiki, the main advantage to forstner bits was not the flat bottom:
"Originally the Forstner bit was very successful with gunsmiths because of its ability to drill an exceedingly smooth-sided hole."
Yes, I saw the comment about the flat bottom:
"(and incidentally spoils the otherwise flat bottom of the hole)".
Again, I say, who cares? Some anal purist, no doubt, but what with all those power tools in the mix, it's pretty silly. Besides, don't washers have a hole in the middle?
I'm rapidly beginning to suspect woodworking is merely yet another reason for men to buy/hoard a whole buncha specialized tools. I've got a 1/4" socket paring chisel coming tomorrow, which is amazing only due to the fact that I have no clue how I'm gonna use it w/o that necessary wooden mallet.
Yeah, I know. I'm already hooked. ;)
nb