I had a flawless ERC stave I bought online. I had the same thinking as you, I successfully belly split off the heartwood so clean, it left a mostly unviolated heartwood stave. I backed it with rawhide, and make a nice shooting lightweight longbow. I shared a few pics in a recent thread.
I haven't done anything with the sapwood stave yet.
I've seen a lot of ERC selfbows utilizing the sapwood and heartwood much like a yew bow.
I believe the heartwood has a little better compression strength, but it's just a hunch.
For sinew backed yew or juniper I always plow through the back shaping it how I want not worrying about growth rings. I'll be more careful with rawhide though