Razor,
When you are correcting deflection with heat, remember to clamp the limb into more correction than you think you need at the time.
Wood, even Osage, will spring back a bit after removing the clamp, there by loosing some of your correction.
So that if you need an inch of correction laterally to line up, I would over correct by an inch to an inch and a half, for a total clamped deflection of two to three inches.
That way when you unclamp, and the wood springs back and finds it new center, your alignment should be about on the money.
Nice bow!
If there are no issues with the wood I vote for leaving it bare and loosing the riser, if you have the thickness.
You could use leather to build up the handle section to fit your hand and then wrap that rascal with just about anything you like.
-gus