Very good idea to add one more bow, I like it when there's more variety of weapons =D
I wouldn't say that 45 cut is that much exaggerated, cause it has only 40 speed. Long bow has 33 cut and 52 speed, so from 52 to 40 speed it's a loss of 23%. If you offset this via damage you get from 33 to 41 cut. Jew Bow is more than 10% less accurate than long bow, so all in all I would say 42 cut would be fair...
I wonder, why this bow is still not added, you got 27 upvotes