Hey Stanley! It sounds like the new stave you have in the works should be a great start. After reading through your post, it doesn't really sound like you did anything wrong. Ipe has the reputation of being an oily wood. Lots of people on here report similar results. You just have to clean it really well before gluing or use a heavy epoxy from what I understand. Either way I think you front profile should be fine and that wasn't what caused the problem the first time around. It was the wood. As long as you tiller the bow the right way, the front profile shouldn't affect performance too much. I would say you are off to a good start.
A couple tips from what I've learned. Use floor tillering to make sure the bow is bending evenly and with a smooth arc. Once you press it to the floor and the tips move about 4" with a smooth arc then put it on a tillering stick or tree and use a string that is far too long (the string should hang off the bow). With boards I also round the corner where the back meets the sides so that the wood doesn't lift a splinter there. Then start flexing the bow with the string. If you can, never pull it past draw weight or it will take excessive set on you. Once the tips bend about 12" at the desired draw weight (some people may disagree) shorten the string to where it is taught when in both nocks, but not really loose anymore, repeat the process. Shorten the string to brace and finish tillering out to about an inch short of full draw. I found that if I don't do this my bow is always too light after I sand the tool marks out and shoot it in.
The bow shouldn't be sluggish because the thickness will have to be reduced to get the bow to bend enough. As long as the bow doesn't follow the string too much it should be fine and shoot fast. I usually try to keep it under 2 inches of string follow but if it comes out with more set it just does. If it's your first bow, the as long as it shoots and stays together I say be happy and try another one using what you've learned to guide you toward improving (whatever that improvement is is up to you; don't worry about what anyone says but rather work toward what you like). Hope that helps. That's just my two cents gathered from what I've read and my experience with the bows I've built. Happy tillering! If you need help post pictures and ask. There are lots of people who know a whole lot on here (FYI I don't include myself in that).