Rainey,
It seems to me there are a couple big questions for you:
1) What products/uses do you want to bamboo to provide?
All of the best construction timbers are running bamboos (for temperate climates). Most of the best eaters are also runners. In fact I think there are actually very few clumpers for temperate climates that are worth eating (feel free to educate me further, bamboo experts). Therefore, if you really want to build things (other than small gauge garden stakes) and/or eat bamboo shoots you'll want to consider the runners.
2) What are you willing to put into maintenance?
The reason so many people have problems with running bamboos is that they don't USE them. If you're willing to manage your stand and you're on 10 acres, runners may be a great choice. Toby is right that you can just break off shoots that are coming up where you don't want them. However, if you want that particular rhizome to stop running you'll need to sever it from the main clump during the first year as well (or it will keep running past where it sent up it's last shoot). Either way, don't plant it near a house, foundation, driveway, etc.
Personally, I think having a big stand of running bamboo would be awesome and I imagine it would grow like hell in Arkansas. Once you have a good stand with a couple different species you can use it for shoot production, pole production, and/or nursery stock depending on what the market looks like.
A couple words of caution:
Voles love bamboo. I've heard about folks here in the Pacific Northwest putting in plantations and having them completely eliminated. Bamboos also don't like to be inundated with
water (with the exception of a few species that have air pockets in their roots). Don't put them in super wet soils. However, you could put them on an island in a
pond to contain them easily (and without fail). Also, I highly recommend finding
local bamboo growers and seeing which species/varieties work well in your area. Someone must be growing them so you
should try to take advantage of lessons they've already learned.
Finally, a quick plug for the book "Farming Bamboo" by Daphne Lewis. This manual gives a ton of good information on growing bamboos in temperate climates and it has a species guide to the Phyllostachys genus.
Good luck!
Dave