For a parallel core in a warbow, I think 1/4" is a bit thick. You would be ending up with too little ipé near the tips. At the same time, it would be nice to have some core left near the tips, because that would keep tip mass a bit lower (since the density of cherry/walnut is less than ipé). For a parallel core, I would recommend 1/8" or maybe 3/16" in a warbow. Tapering a core is not easy (I have never done it myself, only tapered powerlams), but I personally think that would be best. A taper from 1/4" at the handle to 1/8" or 1/16" at the tips would be great. It'll give you the benefit of a somewhat stiffer handle (easier tillering) while still providing some lighter core wood left in the tips. A well tapered core also looks really cool if it's a contrasting wood.
As far as length goes, it depends on your drawlength. I think 80" would be too much for a full compass longbow. For 32" drawlength, 74" should do it. For a bit more safety I'd go for 76" myself.
Can you only get a 72" core? That would explain your idea about the core feathering out to nothing a few inches from the tips. If you make the core yourself, you can choose any length you want (just buy a longer board). But as Mike said, it doesn't matter if the core tapers to zero. Just make sure you get a nice and even taper (pre tiller it!) so the transitions are smooth.
A Howard Hill style bow is pretty much just a 'regular' flatbow with a deep handle and short fades. It's not a difficult design, but the handle is the real Hill signature. Study some pictures of nice Howard Hill style bows. What woods (and what order) do you want to use for the Hill bow?