Nance,
you lost a pound or two because the wood was overstrained in compression (it took a bit of set). Piking the tips and keeping the 27" draw will strain the wood even more, and it will take even more set and you'll be worse off than before. By the way, to gain 2# in your case you should remove 2 cm at each side (1.5").
What are the width and thickness dimensions of the limbs?
IMHO, the bow should define the draw length, not the archer. Depending on the bow (only considering my own bows), I draw 23" to 32". Shoot the draw length that suits the bow best. If you shorten the tips in a maximally strained bow, you should shorten the draw length accordingly to avoid extra set.
The only way I see you can regain some draw weight is to heat-treat the belly. This can do wonders. Hazel reacts very well to dry heat.
I'd try that, and also start making a second bow and collect some more staves for additional bows.
cheers
Joachim