You've pretty much said it all.
I go fairly close with a drawknife taking it to about say 1/4" you can roughly follow a ring(unless they are V fine) using the edges as a thickness guide... when in doubt stop and pencil a L for 'leave' on it. Holding the spokeshave with the blade actually vertical and using it as a scraper will help show the rings as it roughs up the softer edges. I tend to leave it like that until it starts to move on the tiller and then keep cleaning it up buy degrees. At the bow progress there is less back to tidy up... you would n't want to chase a ring on a whole quarter log.
Bcause the heart sap boundary doesn't always follow round the rings and it isn't always consistent thickness I don't get obsessive about following a continuous ring, but I do try to get any violations running along the bow if possible, or at an angle and always blended in smoothly.
It's sometimes a trade off between an even thickness and following a ring, sometimes its just not possible to have both!
I expect you've seen this pic before, but it shows what I mean... the bow is still going strong after about 43 years, it was the first ever Yew longbow I made... it had me in tears at times as I made it
'cos we didn't have the internet and a PA forum full of experience to help us. If I could go back and tell myself what to do it would have been easier
.... a challenging stave for my first ever, but it's mellowed to a gorgeous colour.
If I hadn't reduced the sapwood I'd have had no heartwood on the belly. I try to have at least 50% heartwood, but the stave dictates what you can do.
I've only violated 8 rings in the space of about 6" so that's fine
Out of interest, I recently refurbished that bow, heat treated the belly and pulled out some set, The belly cracked where the heartwood was thin by that big sapwood dip. I put in a deep curved patch, slimmed the tips, added delicate horn nocks and it now shoots further than when I first made it... that's what 40years of experience adds
Del