Firstly, I must correct myself. It's 2" at the fades not 1.5".
Specific gravity is a measure of density. It is calculated most easily in the metric system, where 1 litre of water weighs 1 kilogram. Water has a specific gravity of 1. Which is very handy, because we can now discover the SG of any substance whose SG is less than 1 by simply dunking it and measuring what percentage of it is below water level. With wood, carve a "cylinder" (which doesn't have to be round), and dunk it in a tall narrow container of water, like a test tube for instance. As long as the wood is dry, you can simply calculate the SG: Inches of wood below water divided by length of cylinder equals SG. If the SG is higher than 1, you have to calculate the hard way, because anything between 1 and infinity SG will sink to the same bottom. Basically, if the SG is .5 as BB77 says, you should be able to make a 50lb bow out of it. If it's a borderline bow wood, make it longer than 65" though. Start at 72" maybe.