Like others have said, if i am just relaxed and makin' a bow i'll stick to hand tools, but sometimes "you just need to get a bow done", thats when a bandsaw comes in, you can do in 10 minutes (layout time included) and be almost floor tillered if you are careful, what it can take an hour or mor eto do with a hatchet.
All around, not jsut for bow making but general woodworking, the bandsaw is my all time favorite power tool, and you've got a really good one! You'll learn to love it.