My experience is that yes, it has a high compression strength, such that it could stand next to osage, but it's also got an overwhelming tension strength and brittleness that make it less stable as it gets more narrow. I've made a couple almost-successful one inch wide seventy inch long bendy handle trapped back BL bows, but I could tell from the start of the builds that while the bows would be fast they wouldn't be terribly long-lived.
They're dead after a few hundred shots, chrisaling all up and down the bows telling me it wasn't poor tiller but bad design for as much weight as I had (around fifty pounds each). Maybe if you keep it closer to thirty it'd stand up to the weight, but you're probably better off starting wide and flat and just narrowing as you go.