I don't think I'd go any wider than 1.75", but I've seen bows out to 2" wide that were shorter than 50". If the working limbs are pretty clear and the top ring decent I don't think I'd back it. If it were mine I'd narrow the handle some and let it just bend a little at full draw, with limbs an inch and three quarters wide at the fades, parallel for the first 12" and then tapering to the tips which are flipped/recurved slightly to keep stacking down. Like Gabe says, you should get 27" without much trouble. Should be a good hunting bow, though shooting the shorties is a little different than a long bow.
Good luck,
George