The "Bow Index" is sort of representative of bending strain the wood takes when tested to failure. It would make more sense if the author multiplied the ratio of MOR to MOE by 100 instead of 1000, because it would indicate percent strain, which is the percent the outer fibers are compressed or stretched on the tension side at failure.
Keeping track of material properties can be very useful to bow building as long as we are using the right ones. One problem with the Modulus of Rupture property is that the test sample is put under increasing load until failure. This pushes the wood past the point where permanent damage (set) starts. The maximum load just prior to where this damage begins is called the Elastic Limit, which is the maximum stress value which would be more useful for designing bows. Some woods can continue taking increasing load well past this elastic limit, which probably explains what is happening to some of the woods shown with a high index number.
Some types of wood fail almost immediately after this elastic limit is exceeded, and I believe Ipe commonly falls in this category. Much of the Ipe I have experience with will explode catastrophically if pushed a little past the point where it begins to take some set. Materials that fail soon after exceeding the elastic limit will generally rank lower on the "Bow Index" list. On the other hand, if we had the Elastic Limit property for all the woods on the database, and used it instead of the MOR to calculate a Bow Index value, then we would probably see Ipe rise toward the top of the list.
Alan