I don't think it matters. You'll chase out whatever ring your after. If I had to choose, I'd say cut it down in the winter, not fall, winter and let it dry for as long as you can. Split it right away though and wax the ends, and pull the sapwood off. I've left sapwood on a few and had it crack clear through the belly of the stave.
Last edited by Coyote10; 04/19/23.