Funny you mention that Jim... there's lot of benches made from slabs that have lasted generations. Using a slab is far from a shortcut, and gluing the top together is far from traditional. Not a bad way to go, but most definitely not the only "right" way.
Joe, it certainly is possible that the bench will cup up away from the legs. Depending on the style of joint used, it might cause a gap. Perhaps thats the reason for the Roubo rising dovetail that's been so popular lately. I'm not sure I see it as a problem. If we take flattening out of the equation, I'm not sure I see the cupping as any more beneficial than crowning.
Your endgrain is like your bellybutton. Yes, I know you have it. No, I don't want to see it.