Red Dwarf, I do recommend floor tillering the belly first. This allows it to easily go into the form..If you have to force it in, then it can straighten out any amount of reflex you glue in. By floor tillering the belly its going to take the graceful arc you want and since its going into the form easy will hold the shape when removed, plus there will be less wood to deal with later..
Any Ipe bow holding 1.5" is going to be like most bows holding at well over 2"..and one thing Badger and I have learned over the years most of our fastest bows using these kinds of woods rarely hold an inch of reflex, but they have taken virtually no set..They stayed the same right out of the form.. and change very little after shooting.
Heavier bows I use less reflex
More reflex often makes the tiller real challenging..The only exception is when I'm making a long light bow like 72"+ and barely 40#'s for a competition type archer..
I think if your bow holds just under an inch after shooting that would be real good.
As far as tools, I often cut the belly wood on a large table saw, and finish the cut with a bandsaw by the grip, cut the limb outline with the bandsaw, and clean up the limbs using a table sander..I have tried using the jointer, but I get to floor tillering quicker this way, and that thing is loud...
Ipe is very hard on tools, and I mainly use scrapers after the limbs are just starting to flex for tillering. A very sharp hand plane set with a low cut should work on most Ipe, some has a funny type of grain even though its still good wood and will be a challenge. But with 100 species of Ipe there will be some variety, and this keeps it interesting...
Go slow, and let the wood determine which tools work best..remember you can't drive a nail into this stuff..well you can try
Rich