George
Wood is stronger in tension but all that means is that it resists stretching more than it resists compressing. That has nothing to do with the wood's elasticity. A wood can be elastic and strong in tension and a bow made from that wood will not likely fail in tension and/or it will make a great backing material. A wood that is elastic in compression will resist cellular compression failures (chrysals)
You've been making bows for quite awhile now so you should know which wood species are elastic but just in case here are some. Yew, Osage, ERC, HHB, those are some of the better NA species