The original BIOS also shows BAD and then I programmed a modbios v1.11 and that one also shows BAD. However, my other ST-V mobo in the cabinet also has modbios on it and it does show GOOD, go figure...
That particular ST-V in the cabinet (which shows GOOD) is a newer revision mobo though (i.e. there is no patch cable on the back side).
As you said, neither has problems in game play...