I actually really like that light cherry red color in the comparison pic higher up there after the first coat. The darker red wouldn't be bad either but it looks a little rough, not as smooth of an appearance of the lighter one. Is there a reason behind that?
You kind of lost me with the talk about the notch, then jumping to the file to remove bark. What did I miss there? Were you referring to the a notch in the tool to remove bark, or a notch made in the wood? I haven't really watched any other shoot arrow builds yet so I'm slightly ignorant in what you referred to as having seen made elsewhere on this site.