Yeah - violate the sapwood as much as you need to, but don't cut through a knot! Ideally leave an island around it about 2 or 3 rings thick and you should be fine.
Sometimes though they just go pop. Its often nicer to have one blow up at a knot or dodgy area and it to make some kind of logic, than to have a perfectly sound bow with no ring violations, knots, rot, bug damage etc go bang.