I have used a ceramic blade on my table saw when doing high output of glass staves. It works fine. The blades (10" are about 40 bucks and are diamond dust coated. they shave throught the limb fast and smooth.
I do agree however it is very spooky as i have seen that ceramic blade do some weird bending when it slows down.
I do also use my 14" bandsaw to cut the limbs. I find that a normal "metal" blade with 14teeth per inch will dull out in one bow WILL ALSO still cut the limbs of a 2nd and third bow easy. I have cut as many as 7 bows on the same dull blade. Going through the riser takes forever and the blade will walk. But going thru the limb - fast and accurate even dull.
I use 36 grit (blue belts - my fav) to grind to the lines and rough shape) and 40 grit (red belts) for the same. I can get about 2 bows rough ground out of each belt.
I will have to look up the company again as my wife handles the ordering of supplies, but the 40 grit red belts that lowes charges 7 bucks for CAN be bough for 1.00 a piece directly in 36 and 40 grit, you have to bulk buy them in 36 belt lots however. Its the same place i get my thickness sander belts from, in rolls of 2 inch by 36 grit and the drive belt 18 by 36 inch.
Also - consider buying a 220V spot welder made for band saw blades and then get the roll of blade material. 11.00 a blade at lowes - 2.50 to make the blade, and takes about 45 seconds. The spot welder is about 200.00 from harbor frieght. However the roll of blade material costs about 200.00, but saves serious money in the long run..
Just some ideas to keep costs down