Is this a self-bow or glass laminated bow? Does the bow have any shelf at all? If it is glass laminated and has a shelf, I'd say you need a shaft in the 60-65# range. Drop that 5# if it's a self bow. At 29 inches, you're probably drawing 53-54#. That, plus the heavy point necessitates a heavier spine. If its a selfbow and there's no shelf at all, 50-55# would probably work. If it is a selfbow, I hope it's a long one, i.e., at least 64-66 inches. Any shorter than that, and you're really stressing the limbs with a 29-inch draw. If so, it's not a matter of if it will fail, but when.