A wooden bow should be pulled to your intended draw weight as soon as the tiller is good enough. Then continue pulling full draw weight and removing wood until you get to a couple of inches short of your drawlength, sand it, shoot it checking tiller isn't changing, do any fine tuning and your bow will be the weight you want it. Obviously if you spot a problem before getting to full draw weight you must stop and fix it first. Doing it this way is important for quite a few reasons! Too many in fact to list here.
Right now you will be guessing at draw weight, what if a flaw raises its head and you have to fix it? You might be down to 35#.
Unfortunately not all bows gain the same weight per inch and at best doing it this way is an informed (or not!)guess.
Find a copy of vol 1 of the Traditional Bowyers Bible and read the chapter on tillering. It will save you a lot of under weight bows and headaches!