It would be tough to cut that baby up, but for the kids, I think it would be a sweet knife!
There are other parts of the bow that can be used as well in different ways. I think it would be a fitting end to a great old bow that was destroyed by ignorance. The tips could be made into key fobs and sold in the St Judes auction. There is enough wood in the riser for several knife handles as well as some limb tips.
I'm game for starting the surgery if you want to use it. I had thought the knife handle having the accent stripe in it with the coin at the location of the knot in the Osage handle one.