I've posted this on CNC Zone and BobCad/Cam Support Forum too in the hope of the best chance of finding someone who's encountered the problem before and might have found a solution -
I spent the best part of a day fiddling with my model assuming there was a problem with the it but then tried 3-Axis options on the problem surfaces and they all worked, potentially proving the model was OK so I started looking at the posibility that it was a software problem.
Has anyone else encountered a problem in 4- Axis Standard (and possibly found a solution) where BC works around any areas of a part below the centre line, leaving large chunks of stock untouched?
With some parts it's simply a case of using larger stock and moving the part to avoid any surfaces crossing the A-Axis centre of rotation and just making more chips. I'm currently working on something nominally S-shaped making it impossible to move both low sections above centre.
Paths generated -

I've experimented with moving the part around and verified that I can move it up or down far enough to get one or other face right. It's possible to vary the ignored areas slightly by choosing cutting around or along the A-Axis, but there are no feature settings that make any difference to the avoidance of any areas below the rotational axis.
Completed simulation -

Any help would be appreciated, even a confirmation that I need to get my cheque book out again ;-)
Regards,
Nick