You could do it, but you would have issues that need to be dealt with a different strategy to your previous bow.
You can put a 1/8" core lamination to make up for less depth in the ipe belly slat. It doesn't have to be more ipe, it could be maple, or some kind of coloured wood like purpleheart etc.
With a shallow bely slat, you can get issues at the dips/fades with the glueline opening up on the riser. You either need a really good glue, or you need to put a power lamination under the backing at the riser, fadeouts that will raise the glueline well above the belly, where the limb meets the riser.