Yes, that works well. However, you will see a difference in the wood when its more seasoned. 1 year is better than 6 months, 2 years is better still, 5 years is still better...etc. My favorite bow wood is old fence posts...as Pat B pointed out, the older the better. They might be checked and full of staple holes, but they are incredibly strong.
Nice find Iowabow. Remember that nice straight wood in the picture, once they're split and dry they get a mind of their own about straightness.
Have fun.
George