If I had to choose, great top over great back and sides each and ever time. That's where 90% of the tone production comes from. The back/side woods colours the tone, but often less than simply the body shape or choice of top and bracing.
As for 'best top you can get', don't necessarily spring for master grade wood if you're starting out; the differences are very, very often little more than cosmetic. Tight grain spacing and even colour very often mean diddly when it comes to stiffness and tap tone. I sifted through a lot of high grade tops that weren't half as stiff/nicely tapping as a good number of the lower grade stuff. Go one step down or so, and you'll be just fine. Besides, it'll have a bit more character as well. Stripin' aint a bad thing :-)
If you can resaw the mahogany, cherry, maple or walnut you find at your lumber yard, and feel comfortable doing that and thicknessing it (and/or have the tools), go ahead and buy the boards. Look for well-quartered (if at all possible), straight-grained, even wood. Really not that difficult to find. But keep in mind resawing requires an investment of money (tools) and time (to learn to do it). I'll eventually make that investment, I'm sure, but for now I'm more than happy to have people who know what they're doing, and have access to some dang nice wood to boot, cut and match it all up for me.
A little thing I do with full boards, since my electric building days, is tap it. If it's got a nice 'taptone', I feel more comfortable than if it doesn't. A lack of 'ring' can sometimes betray the presence of hidden shakes/cracks/other faults, so it's worth being a little careful there.
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