PSEaxis,
This is the site for Black Widow Bows..you might be able to find some answers to you questions on here.
Don't over poundage yourself with whatever bow that you get...you are just asking to hurt yourself if ya do. I don't know what poundage of compound that you use now but if you are going to start using a recurve get one that is at least 25% less poundage then your compound....you want to be able to keep the recurve under control at full draw.
I don't use wooden arrow right now so I can't help out on that...but you might think about getting some flu flu's...they are a type of fletching that you can use for birds and other small game.
You will need to get either a tab to shoot with or a shooting glove...I use a glove...or maybe you are one of those that can shoot bare fingers.
Let us know what ya get and how much you like or dislike it.
http://www.blackwidowbows.com/