If the mic is being used to pick up a well balanced string ensemble, it could work really well in some settings. Other factors include stage size, how the speakers are set up, how far the audience is from the speakers, and how much amplification is required to deliver the desired SPL to the audience. With classical music, I would expect the volume to be relatively low and the intent of the mic is more to fill out the sound and spread it evenly around the hall, rather than make it significantly louder...I.E. little amplification is required.
Something to keep in mind, the mic will focus on whatever sound source is louder at the mic's capsule. The biggest problem with mic'ing upright bass is the instrument relatively low acoustic volume. If the bass is near a loud instrument like a drum set, the sound of the drums will dominate in the mic signal.
To compensate for this, the mic needs to be very close to the bass. But, even with the mic almost touching the bass, it's still going to pick up a lot of reflect sound from loud instruments like drums and cymbals. To make matters worse, in my experience the sound of cymbals bouncing off the face of an upright back into the mic tends to sound awful.
Big bands tend to be loud. So in order to balance the bass against a big band, quite a bit of amplification is required. The sound coming out of the speaker will travel back to the mic and form a feedback loop. At the very least, this will degrade the signal because of the time and phase delay between the direct sound coming from the bass, and the indirect sound coming from the speaker. If enough gain is used, a feedback loop will form and cause the system to ring uncontrollable until the gain is reduced.
So boundary mic for string quartet could be great. Boundary mic to pickup bass in a big band...probably not a good choice IMHO.