First bow I ever built used that method and a few since. Be sure and use a pressure strip on your stack to spread the pressure out, otherwise your limb might come out cupped in shape. The rubber band system works very well only draw back is you can't tell if something slips. I usually use at least two layer of bands and wrap them in different directions. I also used semi truck tubes and made mine about 1.2" to 2" wide and about 10' long.