Steve,
Hickory is tricky. It likes to be drier than other woods. I had a longbow that I left in the house with the swamp cooler running all summer, then entered it in competition. This bow had already set several records. I had narrowed it and entered it in the 35# class.
It was a dead stick. I have it in my hot and dry shop now. I want to shoot it again at the end of the summer and see what it does.
It was Perry Reflexed, so it didn't show the set you would see normally, but it went spongy. Also, with hickory, I don't but it unless it is dense, resonous wood. The growth rings are mere dotted lines.
The 50# self bow broad head record you broke was set by Dewayne Smith with a Maple long bow I built, 72" long with 2 to 2 1/2 inches of set. It shot the broad head 202 yards. (He out shot me with my own bow! LOL It happens all the time)
What Lennie says about the compression taking most of the set is true. My point is Not that huge amounts of set are taking place in tension, but that there may be some set taking place here that we haven't looked for. You start to suspect the elasticity of woods when you build a lot of backed bows. You use the E- mod. of woods to compliment each other, but elastic modules is how hard a wood is to stretch. It has nothing to do with how elastic it is. I believe that some woods may stretch past the point of being able to return, and still be elastic enough to hold together.
As far as spring growth goes, I don't like woods that have a huge difference between the strength of the spring growth and hard growth. I hate it when a bow drops 15# of draw weight when broken in. It can be quite a guessing game.
Steve you wanted to identify different kinds of set. Here are 4 different kinds of set. Tension, moisture, Early growth break down
between growth rings, and compression set. It seems that your real question is, Does the set "always" compromise the fibers, and their ability to return to their shape when strained. You have already answered that question. This all comes back to what we talked about on another thread. We walk all around the real issue of how bows really work and why the mass theory model works as well as it does, without standing directly on the issue. I am working on this for my book, but their is some key info that I need before it is ready.
Dan