Thanks guys, the feedback is good. I've been doing some searching and reading and it seems that jamie's response seem to fit closest. I'm sure its personal preference, but too, the bow design between a recurve and LB are considerably different - I'm guessing that there is a 'best practices' pose for shooting.
I usually cradle the bow in my hand with it resting in the nook of base of my thumb and forefinger; keeping the top, flat part of my hand parallel-ish to the ground (or perpendicular to the bow); my palm doesn't touch the bow. I've seen other photos of folks with their palm completely touching the handle. Which is better for the long bow?
When you say bend at the elbow, are you pushing your elbow slightly out away from the string path, or bending it down toward the ground?