The "kickback waiting to happen" comment is prudent. Especially considering these factors. For ripping a log partially, not through entirely, it is necessary to bury the nose or tip of the bar. Safety chain with the extra bumper links WILL NOT cut at the nose of the bar along the radius, the bumpers are designed to exceed the height of the cutter on that tight turn. Therefore, you need a non-safety style chain, prone to kickback, for this operation. BE CAREFUL.
Sawing on the vertical is easier in my opinion to keep a straight cut than on the horizontal. I will use a 2x4 temporarily staked to the top of the log for a guide that I rub my saw against. Do not expect to get to a 36" depth with a 36" bar. It is difficult to cut and keep the saw truly vertical without rocking it on the bucking spikes or something. I try to remove the bucking spikes to get more depth if necessary, and it removes the temptation to use them and damage the bar.
For ripping, I like 3/8 low profile chain. It has a narrower kerf, and cuts faster. I have a loop for my 32" bar on my 066. For my shorter bars, I'll take a chain with only a small amount of life left and regrind it to 10 degrees for ripping softwood, or 0 degrees for ripping hardwood. I call them my "stump chains" I do not feel so badly about them when they are descimated by tramp metal.
I don't do nearly the amount of this quartering and preslabbing any more since I got the Peterson

.
Have fun and BE CAREFUL
Captain