Pearl Drums, The bow that I made for the trade this year was a toasted hackberry. I followed the instructions on heat treating bows in TBB Volume 4. If you follow these instructions and pay attention to what you're doing you won't have any problems. I toasted mine to a medium brown color. This bow took very little set and was a very smooth shooter, IMO.
The only problem I encountered was in removing the prop twist that developed when I flipped the tips. Every time I heated and thought it was corrected, it came back within a few days as the wood rehydrated. I think it took me 5 tries until I finally got most of it out. My stave was roughed out to basically the same dimensions you are describing, except I left my handle area fairly heavy. Mine was left to dry in my attic all spring and summer, then by my wood stove from November to January till I started working on it. I guess what I'm trying to say is let it dry as long as you can before toasting. Also, mine gained between 5 & 10 lbs after heat treating. Hope this helps.....Dan