Yeah it could be good practice. I don't know though ... good wood isnt terribly expensive and life is short.
I can't help but thing that a bamboo or hickory backed ipe or osage is the way to learn, or even just a hickory board.
there are so many well demonstrated bow woods, I dont know its worth trying to reinvent the wheel .....
On a side note, if you wanna see some serious mahogany lookup "the tree". It's the most desirable mahogany ever logged, it sells for astronomical amounts of money. Like we're talking hundreds of dollars /bf.