If you are doing wood bows I think you would be a lot happier going with Bamboo for backing.
An R/D form for BBO would cost 'nothing' and no need for FG or hardener.
Hand tools, band saw and table saw, drill press, jointer, drum and disc sander, would save a lot of time.
Build a hot box.
You will need a tiller tree, bow scale and a variety of scrapers, rasps and files. Oh yeah some Urac 185..........what did I miss?