TBB suggests that you always back a softer wood with a harder wood. I am not an expert on this, but I have had hickory backed red oak and locust bows blow up on me, and it was always the hickory that failed. I think hickory has great bending strength, but not very good tensile strength. When you put in on the Ipe, perhaps the Ipe overpowers the hickory backing at first, and when it blows, the whole thing goes (hey, that rhymed, didn't it?). Anyway, that is my two cents' worth.
Dan