You can totally get it at 23" and 40 lbs. I mean, the wood will take it.
Confused though, about your dimensions. How wide is it at widest limb? How wide is the handle? How thick is the handle? How thick is it currently off the fades? If it has a sap wood back, does it have a heartwood belly?
It's very short, but draws short, too, so that's ok. If it's very narrow limbed, that's an issue, but bend it most at the widest parts. On a bow that short, your finished limb thickness will probably be less than 1/2". If you have some width, but not mush heartwood on the belly, consider a lenticular cross section. (I have had VERY mixed results with BL sapwoood. Heat treated I've had it act like decent white wood a few times, but even more often it took set like it was Styrofoam.)
If you have the width, say 1-1/2" or more, keep it wide at least halfway out the limb, bend that section the most, and make stiff lever tips in the outer 1/3rd. If you only have an inch wide, keep that inch until you hit the last6-8" of limb before stiffening it. You can flip the tips with either of those, but don't go crazy.