While I'm sure this can work, I'd say think about the tree first. Tree's put sapwood on the outside. Its the part of the sapling that has to bend the most when the wind blows. Sapwood on a tree does pretty much the same work that sapwood on a bow does, it resists tension, and absorbs more motion, but relies on the heartwood to maintain bring it back to form (e.g. to resist compression).
Just an uneducated observation, but I don't see much reason to do it backwards from the way nature grew it. But somebody will definitly prove me wrong by showing the benifits.