I also tried some el cheapo wooden dowls from Wally world believe it or not. I was just curious to see what kind of arrow I could make out of them and how bad it would really turn out.
The dowels were .57 cents a piece for 5/16 dowel rod. I think they were actually pine and not even hard wood?
I layed the entire box full on the floor and gave them the roll test to pick the straightest ones out, then looked for defects. I finally narrowed it down to the best 3 shafts out of the whole box and took them home.
Anyway, the spine was right around .700 best I could tell on my home made spine tester, which is what I've been making my cedar shafts with when I build arrows and they fly great from my Grizzly recurve.
I built the dowels into finished arrows just like I do my cedars and they came out to around 520gr. with 125gr. point, 3 fletch with natural wild turkey feathers.
To my amazement they actually flew great!
Now I know the durability of a non-hardwood dowel isn't the greatest, but once it goes through a deer's chest, who cares if it breaks once the damage has been done? After all it only cost .57 cents and a few feathers, plus a broadhead to make.
My point is, that a guy could get by with el cheapo dowels if need be, and probably kill plenty of game with them. Cedar is definitely better, but el cheapo pine dowels would get the job done, no doubt in my mind they would.
At the very least they would make awesome and cheap small game or stump shooting arrows and leave the nice cedar ones at home for hunting bigger game.