when I first starting making bows 30 years ago,, most used steam ,,
I think the dry heat does have its applications,, but I have better luck with steam for some things,, even if i do have to coat with glue to prevent checking ,, etc,,
so much depends on the relative humidity of wood and the air,,,but I really don't know of an instance where steam would not work,, but the dry heat bending has more limitations in my opinion,,