Sentershot- If you stick with Bingham on your first you would do well. Even if you reduce the riser length, the reduction cited above should keep you out of trouble.
You will not *need* a 70 inch bow to get good performance. Like bigbob2, mine (bingham formula and materials) stretch out beyond 31" in the fd curve without stacking. That goes for 66", 68" and 69" lengths.
with the Bingham formula(.002 taper), when you start getting under 1.25" wide, you will get into problems of the outer limb overpowering the inner limb. You may not readily notice it, but it will begin to happen and will get progressivley worse as you make it narrower.
I took one down to close to 1" and even after narrowing the limbs to pretty much a pyramid shape they were still out of whack with the limb bending way to much near the fades. Had to sand taper into the glass to correct it. Was no prob since it was just a 42# bow and had .050 glass on front and back.
I'll just say to stick with proven formulas either Bingham or trusted members of this forum while starting out and do your experimenting$$$
after you get a few under your belt.