In regards to your question #2: be careful of overlaid ellipses in Photoshop. If you follow it strictly, you will end up with weird hinges near the tips. The areas near the end of the ellipse increase in curvature, which is (usually) the exact opposite of what you want your bow to do (i like the tips a bit stiffer) if I use Photoshop, I make the ellipse a fair bit larger than the bow, or use a circle, but also check it without the overlaid shape to see if I can see the problem without the aid.