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
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.