So I learned two major things during this repair. The first lesson is, that the very first thing I ever forge, will be a marking knife.
Second, my mortising skills suck pretty bad.
Now, here's what I did to try to fix this issue. I actually received my shop notes magazine about a week ago. One of the projects they went over was how to use butterfly keys to repair damaged stock. So I used that idea to fix my bow.
Considering that the area in question will spend most of it's life in tension (must be married or something) I had to remove stock and try to keep the fix from popping out. So here is what I did:
I used a piece of lignum vitae for the repair due to it's specific gravity and density being more than the red oak's. I made it slightly larger than the piece. Looking back, I would've made it with "fingers" that wove into the oak's fibers.
Mark it with a marking knife. I had to use an exacto. NEVER AGAIN!
Mortise it. I used a 1/2" chisel. I wish I had a 1/4" but did what I could with what I had. And I will be buying a new set of chisels soon too!
Press into place with clamps and thin stock to apply even pressure, after applying glue of course. I went with TB3 cause, well, it's what I had. I'm sure epoxy would be the proper adhesive.
I used a finger plane and sandpaper to clean it up.
Then I wrapped it with hemp chord soaked in glue-water, and wrapped it like a cast. It dries up like a cast too.