You would either have to go longer bow length(the better option),or wider limbs...I don't know of any formulas,rules or guidelines as to what your width etc. should be for a certain type bow other than experience is the best teacher..there is a wood list chart in a chapter in the traditional bowyers bible volumne one on suggested widths for a standard average 66" 50@28" flatbow design... but yes 2 1/2" would've been closer to ideal,although I would've made it longer personally...the shorter you make your working limbs the wider you will have to make them...a lot of folks say you need just as much working limb length in one limb as your draw length(which is a crock of crap mostly,and only a good general rule and guudeline for a novice,cus I've made plenty of great bows with less than half of that rule)...I think you also were a lil rough on it while tillering,which can also cause a lil more set than wanted...I forgot you had the drywall tape glued on there...so heating it up is a no no,as it'll release and ruin the glue line more than likely....take what ya learned from this one and make another...now red oak can make these types of bows,but they need to be designed right and just as importantly handled with care...I've done a couple lever bows with unbacked red oak boards,and they turned out great with minimal set and loss of my starting position...its doable,but maybe not as easy for a novice...