On a laminated bow i made recently, my backstrip of hickory was very thick: 3/16 +...I wanted to keep the belly wood, like you do, so I tillered by taking material from the sides and the BACK. But you have bamboo here and might not want to do that. I have found that you can sand the nodes right down on bamboo, no trouble. My BBO is 1 inch wide, and pulls 70# at 28".
I don't know about you, but I like to make every bow I begin. I want to finish it out at a workable bow. Sometimes the weight is less than I would have liked. If this BBI of yours were in my hands, I would facet it, like somebody already suggested, and take it safely to full draw.