I can’t tell enough from the pics to say what your chances are with that piece of wood.
When I was wood poor and wealthy in desire to learn all I could about bow making I would use wood like that…..and made some bows from time to time that shot great and held together. Now I would pass...too much good wood available.
Since your asking the question I’m guessing you’re more interested in learning then if you end up with a bow. If that’s the case I’d suggest you go ahead and see what it can teach you. Just do it safely...pulley and rope tillering tree where you can stand back and safety glasses and a nut cup when drawing by hand.
Kidding...kinda….
Just keep in mind that exploding bows can hurt you...but even those with seemingly clean wood can let go from time to time so it shouldn’t stop you from going ahead and having fun.
What’s a good analogy?
Maybe the early stages of bow building are like the early stages of chasing women.
You’re not so worried about the quality of women you catch at first..you don’t plan on keeping them anyway...you just want to learn how to catch them and then learn what they're all about when you do. Later on you get a bit more picky. Hopefully.
That’s probably a poor comparison...