very nice bow, especially with the white cobra skin. As for a recommendation for the best glue to use with the rawhide to snake skin joint, you might consider a contact type, rubber cement. Leather workers often use barge brand.
It is hard to prescribe a certain amount of runoff as acceptable, but I would look to minimize runoff angle, especially in the highly strained portions of the limb, and be looking for a board with high latewood ratio, or at least consider other ring orientations besides flat, if using red oak or another ring porous wood. Raw hide as a fix for excess runoff is debatable. Certainly better than a something thin like a cloth backing, but not a cure.
sagitta is latin for arrow
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Ultimately, when tillering any bow, the appearance of set, early on in the tiller process, is the hands on way to ascertain the working limits of the wood. Although I can appreciate the technical understanding of stress and strain when fleshing out a design, when tillering, I find that tracing the back curve of the just unstrung bow very helpful to learn where the wood is heading towards becoming overstrained.