The early wood is obviously much softer in ring-porous woods such as Osage and locust. That is readily apparent to anyone who has chased a ring.
This is one of the reasons I like making bows that taper mostly in width and are mostly uniform in thickness--"pyramid" bows.
Bows that taper in thickness have several growth rings on the belly that taper out to early wood and then end. Since compression (and tension) forces are concentrated at and near the surface of a bending limb, those early-wood transitions create areas that are weaker.
That's one reason there is value in using wood that has a high ratio of late wood to early wood
This variation in strength is moderated by the fact that the early-wood transition does not happen in a band straight across the belly. The ring's cross section being an arc, it makes a long elliptical transition, spreading the effect over several inches.
So in practice, the early wood usually makes no noticeable difference.