Having the three draw wieghts would've been perfect for close, mid, and long range shots and if you couldn't change in time then that's what your sidearm is for. I mean how stupid does it look for someone to kill you with an arrow from 3 feet away, which happens all the time. I see players not even bothering to melee when there right on top of me, they still just try to arrow me lol.
I would probably started using the bow a lot if it had the draw weights and less sticky auto-aim, since getting kills would actually take skill and leave a nice warm fuzzy feeling in my head when I did.