Twitchstick: Hmmm...good question. The only thing you can really do safely is smooth the transition of the boo-boo out. Then, after you've rounded the limbs' edges, see what the bow's tiller looks like. If it looks like that part of the limb is working too much, then you'll have to thin the rest of the limb down to compensate. I nicked that area with my bandsaw once. I feathered it out and found no ill effects because there is comparatively little work being done here in contrast with the inner third of the limb. Generally, the closer the mistake is to the fades the more prominently it will manifest itself. Good luck, and keep us posted.
PM Mining: Thanks for finding that supplier...that's a steal for that thing!
Happy building, all! Post some pictures!