PV,
Are you putting a 5-6 foot x 1 1/2" angle iron on both pieces (top & bottom) of the form to keep it from moving / bending laterally? I did this with the forms I made from LVL and haven't had any problems. LVL isn't as stable to the sides and if it bends, even slightly, it could cause the twist in the limbs; most likely at the narrowest part of form, which is mid limb on most forms. If you do not use angle iron it might be important the form is standing straight while in the heat box during curing and not leaning on the side of hte heat box.
As Wihill suggested, birch lam plywood would work fine but is a little expensive. If you want to try a different type of material that is less expensive (I get them for $18/ sheet) for your forms, the building industry recently came out with a new subfloor material called ADVANTEC. It comes in 4' x 8' x 3/4" sheets and works similar to plywood but is heavier and more stable. I built a new form out of it last week but haven’t had a chance to actually test it with a bow, but so far I like it better then the LVL. Not all lumber suppliers carry it so you may have to call around to locate a local source. The main reason I am trying this material is all my bows are 1 ½” wide and it is easier to glue up a bow on a form this width then the 1 ¾” LVL. That and the fact I am frugal (okay cheep) and I get the material from the scrap plies for free at my projects.
Regardless of the wood/laminate used, angle iron should be used to insure the form is straight and remains that way while in the oven.