I'll bet you're right about the curly maple shearing (especially if it's soft maple). I'm not a bowyer, but I gotta believe there's a lot of shear stress in a flexed bow limb. The very center of the limb may be relatively neutral, but there have to be significant shear stresses where the glass is bonded to the wood lams on the back and belly of the limbs.
Hard rock maple has been a reliable limb core wood for glass bows since their inception, but I haven't heard of using soft maple for lams. Like Wolftrail says above, I've only heard of curly maple used in risers or as veneers in limbs-- not the actual limb lams.