I have two 1959 Bear Grizzlys that had the tips broken or cut off at one point in time.
One is now the best shooting bow I have ever owned. It was originally 62" and about 47# @28.
It is now 59" and about 52# @28. New tip overlays, narrowing the last 10 of the limbs, and carefully removing a small amount of glass from both back and belly. It is still a recurve and I shoot fast flight. I've been shooting it about 8 or 9 years now. no issues.
The other one was more drastic. It's now a long bow. I bought it off fleabay for $35 cause the Rosewood in the site window is frigging beautiful.
My son was only about 7-8 at the time, and he wanted a bow just like dads.
Those limbs were cut around 3-4 inches shorter. Just at the end of the curves. That one took me a long, slow time to re-tiller.
I never checked the final poundage on it. I would remove material and have him try to draw it. when it started bending for him, i tillered it on the tree to make sure it was safe.
He went to many-a shoot with me back then. We were quite the attraction with our Snake skinned 59' Grizzlys.
Eric, with the amount of skill you have and all your experience, I would not be afraid to tackle that bow.