Again, are we talking glass bows or wood bows? Specific gravity determines wood density. Generally speaking(for wood bows) the higher the SG the better the wood for wood bow building. Compression and tensile strength makes a difference also. For glass bows there is very little to be concerned about because the glass takes all of the tension and compression stresses. The wood serves as a gluing surface but also as a decoration. A strong wood with less SG, theoretically speaking, makes a better lam for glass bows because it has less physical weight. The lighter the physical weight the quicker the limbs will recover.
For wood bows, a SG of over 50 is usually what you are looking for...but not all high SG woods are necessarily good for wood bows. Tensile and compression strengths and a proper design are more important IMO. Pat