I've seen the wavy pattern on Slavich paper that was purchased at least ten years ago in Russia (a single weight graded paper), and on newer boxes of DW paper from Freestyle. Not only in lith, but regular paper developer. Seems a shame; there's a lot to like about the paper, but defects like that are unnacceptable. I was going to order a bunch of 20x24 not so long ago, but then I saw a few of Guillame's prints that showed the same problem, and quickly changed my mind. Who knows what percentage of paper has the problem, but even 1 in 10 seems like a silly risk.
I wondered at one point if it had something to do with too strong of an acid stop, but it's pretty evident that the problem arises in the developing stage. It'll ruin all but the most abstract print.