Here's the simplest way I know to describe it: too
much back pressure means you quickly run out of breath because you're forcing too much air out of your lungs; too
little back pressure means you quickly run out of breath because you're expelling too much air without resistance.
What's too much or too little? Depends on your lung capacity, breath control, and playing preference (how much you like to "push" the flute). I like to be able to play the basic scale three or four times at a comfortable, steady pace on a single breath, or a single tone for about the same length of time, and still have enough left in my lungs at the end before taking another breath.
If you find yourself continually short of breath as you play, it could be the flute or it could be lack of breath control. The only way to know is play several flutes from different makers. If you run out of breath on all of them, then chances are it's time to practice better breathing techniques. Learn to breathe--if you don't already--from the diaphragm,
not from the chest.
Added later: An important addendum to this is health and stamina. I've recently decided one of the best ways to improve my playing (as well as health and mind) is to get into the gym most every day for some cardio exercise.

This way, I might also live longer to play my flutes well into old age.