Honestly, the form needs to be as perfect as you want your bow to be. However the top of that thing looks is how your limbs will look. Have a dip or a speed bump in there, so will your bow. You will have a very small amount of wiggle room for bumps between the wood and whatever you put on top to smooth it out depending on what you use. With something as thin and flexible as formica you will want it to be pretty much dead on as it could conform to divots in the form.
My method:
- Cut template and get it as perfect as I can
- Trace the template onto the form blank and rough cut with bandsaw (or whatever you have that accomplishes the same thing)
- Screw template to form on the lines and use the router with a pattern bit to smooth it out
- Fill any divots with EA40 (body filler or anything like that will work as well)
- Block sand the whole thing till buttery smooth
- Bond facing strip to form using EA40 and the air hose for surface pressure (I use 0.040" aluminum)
- True and smooth edges with sandpaper
Don't worry about burning through templates. Keep working at it until you are confident it is the best you can do. Templates are easy to make and cost very little to mess up. A couple sheets of 3/4" ply on the other hand...