Today I managed to get an hour of time with an ex-national archery champ Dave Carter to record a few bow and arrow sounds. I managed to get some good material of him loading arrows, arrow impacts and firing, but not of arrow pass by's. The arrows we were using were cutting too cleaner path through the air and were making almost no sound at all. Experimentation with broken arrows and arrows with things attached is needed in the future, when I can possibly have a bit more of his time.
In the meantime here is an example of some of the sounds I managed to get; Recorded @ 24bit/96k Rode NTG-3 into Fostex FR-2
Thanks to Dave for helping out.