From Easton's Tuning Guide - Brace Height
****** For recurve bows, another way of altering arrow spine is with the brace height. By increasing or decreasing the distance from the bowstring to the pivot point of the grip, the dynamic spine of the arrow can be made slightly weaker or stiffer. Increasing brace height will make the
arrow shoot weaker, and decreasing brace height will make the arrow shoot stiffer.
Brace height affects arrow spine by increasing or
decreasing the amount of energy delivered to the arrow at the moment of release. Raising the brace height (shortening the bowstring) compresses the limbs, increasing stress (prestress or preload) in the limb material.
The more preloading of the limbs, the greater the
actual bow poundage at full draw. The reverse is true when lowering brace height. A lower brace height (lengthening the bowstring) reduces the prestress in the limbs and reduces bow weight at full draw.
However, raising brace height produces some small loss in arrow velocity as the slight increase in draw weight does not equally compensate for the reduction in the bow's "power stroke". When the power stroke is reduced,
the amount of time the arrow stays on the bowstring is also reduced, in turn, decreasing the length of time the arrow has to absorb the bow's energy.
Although you may note a small loss in velocity when increasing brace height, do not let speed be the deciding factor when selecting the best brace height for your bow. As is often said, "Better to have a slow bull's eye than a fast miss". *******
I've found that adjusting brace height works for "tweaking" arrow spines and if you're way too stiff or weak in spine to begin with, adjusting BH does not always yield the expected results.