While the crease will help to keep the panel from moving,
the crease has to be there still. Welding two panels together AT THE CREASE will cause shrinking at the crease, changing it's shape and size (length), causing a low. You want to be close to the crease that it helps to hold the panels shape, but far enough away that the HAZ does not encroach on the crease as now it would again be shrinking and changing shape. Weld a test panel that mimics the weld that will occur on your panel. Duplicate all aspects, such as panel thickness, your test panel should be supported in free air, just like your quarter, and not laying on a steel welding table acting as a heat sink. Perform the weld on the test panel to see how wide the HAZ is going to be with that weld procedure. Now measure from the weld center to the outside of the HAZ, add 1/4 to 1/2" to this distance, and this total will be will be your distance from the crease for the trim/cut line. This should keep any heat shrinking effects from changing the crease, and keep the weld seam far enough away to be able to planish out the shrinkage.
If you haven't read the patch panel thread yet, check it out, there are plenty of hints in there as well:
http://www.garagejournal.com/forum/showthread.php?t=53534