[QUOTE My general philosophy is to apex such that I am carried away from any hazards.[/quote]
one of the first lessons i was taught was the slow in fast out, if your going to over cook it, loose it on the way out not the way in.

the learning curve going from four wheels to two is pretty significant, and i find my instinct on two learned from four has put me in a few situations i should never have been in. not to mention the sensation of grip on a bike is non existent compared to a car that can actually grip. with that said it seems on a bicycle its all about momentum (not like it isnt with a car but the brake/transition/power is not nearly as extreme on a bike). so as soon as your done cutting speed for the corner its pure gravity through the corner. if that's the case a late apex will in essence straighten the corner out as much as possible to take the most advantage of the roads grade. since with an early apex your still turning where you would be straight with a late apex, and (keeping in mind the 100% rule) if your turning your not accelerating at max potential.

http://www.driversdomainuk.com/img/racing_line.png
going off the diagram id say the light blue(late apex) line is probably best suited for a big decent, where the green (true/center apex) would be on a nice friendly corner with a wide exit and little chance of over cooking it. blue (early) might be used if your having to setup for another corner where you could dive in hot on the brakes and use the exit to setup for the next quick corner.

im just applying what i know from karts and cars, to the little i know about two wheels.