Bamboo is great backing material, but for the reason you describe, I don't use it anymore. Vertical drying checks are just cosmetic, but I've had people freak out because "there bow is broken!"
Bamboo is very hygroscopic, and will release and gain moisture at a much faster rate than the wood it's laminated to... hence the checks. I've also found over the years that bamboo can be very unpredictable. Perfect bow, perfect design, perfect tiller, but the bamboo just fails... and usually in dramatic fashion. It's also labour intensive. Starting with something that's round and having to make it flat for laminating is extra work. Long story short, bamboo gets little use in my shop anymore. Maple and yew are a match made in heaven IMO.