if you only got 1 1/2 inches, you did well.
Mark was right on the money in all his comments...and yes, switching to ipe, does not mean you won't see anymore set. i love ipe and boo, and i will tell you that if you overtress a fade and don't tiller slowly it will show set as much as any other wood. in fact because its so strong, you tend to stress it too much and work too quickly.
bottom line is that good tillering will give you the least set, but any all wood bow is still going to have some