I wish I could "talk some sense into you" as you asked, but I feel every word of what you wrote. I just had a similar experience to yours: my string caught my sleeve during a practice shoot and pulled the arrow off the string, resulting in a dryfire. This was with a custom recurve I put $1400 into, and the dryfire cracked the riser. It's not repairable, per the bowyer, who is a truly great guy. I don't blame him at all, but it's a huge disappointment.
After this, I simply cannot justify putting so much money into a custom bow. Can anyone here really justify the extra $300-$700 (or more!) that a custom longbow or recurve costs over a "factory" bow? Is it worth so much to tighten your groups up by a half an inch (if that)?
I can't accept the cost anymore. With the amount of money I poured into this bow, I could have bought a top-of-the-line Hoyt or Mathews, accessorized it to the max, and had cash left over for other things. Or I could have bought a factory tradbow and had plenty of cash left over for the mortgage, car insurance, etc.
It's sad to say, but an episode like this leaves me with little desire to shoot trad. I blame no one but myself for the dryfire and resulting damage, but that still does not leave me inclined to continue shooting trad.