Now that I think about it, way back when Troy Breeding had Sticks and Feathers Arrowsmithing, he made some laminated bamboo shafts. I think he used bamboo flooring to cut the laminations.
He sent me a couple shafts to make into arrows and try out. They shot well out of the 65# bow I used at that time, made the 3D targets rock back on their heels, and were very tough.
I'd say bamboo, in all it's permutations, can make a good arrow.
Guy