I bought two different, and pricey, stallion prospects in my years of breeding. One was a late descender, later sired a dwarf. I never bred him again, did not keep any offspring(luckily, he'd only sired about three when the dwarf arrived, and was NEVER BRED AGAIN here; I donated him to a boys/girls ranch, where breeding wasn't their thing, with full disclosure.
The second one I got at @ 18 mo. of age. Very soon, his bite slowly began to 'go off'. I had his teeth floated, but apparently should have done it a lot sooner. However, he ALSO began to demonstrate locking stifle, both sides.Before he ever had a chance to be bred, I had him gelded, tolk AMHA he'd died, and gave him to my vet's previous vet tech, who lived on a ranch where he could have lots of 'running around'room. So...I guess it could be said that I've 'taken some for the team' in this area. I do firmly believe that neither trait, unless you know the horse's ENTIRE history and know of a specific 'reason'that is provably NOT genetic for any of these characteristics, should ever be 'bred', period. I also would NEVER 'wait for' a 'late descender', nor use one for breeding, ever again.
I did briefly own what was clearly a grade 'classic' shetland mare once who exhibited locking stifles, so yes, it definitely occurs in ponies, and might well have been passed into miniatures from there, IMHO.
Edited to add: Ditto to what Minimor said! Having watched the disasters of breeding for 'single characteristics' in several other horse breeds(QH comes quickly to mind, but there are others), I am alarmed at current trends in miniatures to do just that...breed for one or two 'faddish'(IMO)physical characteristics, while ignoring that there is a WHOLE horse involved! Seeing WAY too many weak rear ends, shallow stifles,'weedy' build...but OH, that LONG, giraffe-like neck....mark my words,breeders will live to regret it.
Margo