Greenfish,
Just my 2 bits, but I think you have two or three choices:
1) Get a good stave and start over. Your bow looks like the best of my first bows, which I broke trying to "fix" it. You probably are better starting from scratch, as no matter what you do to this bow it will include some damaged wood fibers hence the string follow.
2) If you are committed to sinew and re-tillering, cut the limbs down (to say a 58 to 62 inch bow) and turn it around. Now your high string follow bow is a highly reflexed stave, which you do not have to recurve. Carefully re-tiller to drop weight to a range that is below what you can manage and then sinew it and final tiller. See the Traditional Bowyers Bibles, an indispensible resource if you are going to keep building wood bows.
3) Yes, you can recurve the bow, but this would be my last choice of the 3. Cut it down to 60 to 64 inches, build a steam chamber (stove pipe or PVC), and bend the limbs on a form or just eyeball around a glass jar. Still have to retiller to your weight . . . more steps, more stuff, and probably still not satisfied with outcome.
JMHO, but if you really want to build a good selfbow, find a teacher and spend time with him while working on your bow. If you really want a recurve, start building one from the very beginning, and you will probably want a better wood. I think you will be far more satisfied with your results.
BTW, I am speaking from my own experience that was fraught with more failures than successes trying to "save" bows and make them better. For this reason, I gave up selfbows (at least for now) and have gone back to glass lams. I still have some staves and billets saved and am keeping my books and tools, but when I take them up again it will be at the knee of a teacher rather than floundering alone while reading the best books.
Hugh in TN