I cant speak as a bowyer. But I have worked with mahogany years ago. First problem there are many woods labeled as "MAHOGANY'! Its like saying oak, what kind of oak red, white, live? As with oak different species of mahogany have different characteristics. The ones I worked with were very dense and hard but you bend the longer pieces to much and they would snap. I have seen many bows with mahogany in the riser along with other woods.
So wait for the more qualified folks to chime in but remember MAHOGANY could mean several different species and unless you know for certain which you have you wont know exactly what you're putting in there. But that's just my two cents on mahogany in general. Beautiful stuff though.