Any 180 degree bend can be two 90 degree bends with a very short straight section between them., say 1 inch long. So who is to say any 180 degree bend isn't two 90 degrees bends with a very short straight section?
I think interpreting the "quarter bend" as limiting the bends to 90 degrees is wrong. It is just that the most common bends are 90 degrees so you can count them that way. If more than 90 was an actual limit, the code would say that explicitly.
Indeed, it says the "equivalent of 4 quarter bends", which strongly implies you got 360 degrees to work with no matter how you cut it up since that would be "equivalent".
Mike C.