Yeah, the advantage of metal is that it will flex until it reaches its yield strength, at which time it bends and stays bent. Further bending may brake it.
With laminates they are stronger and lighter, but their yield strength and failure point are the same. A catastrophic failure as a result of a localised impact will leave you stranded.
My compound bow is carbon laminate, and for that job it is brilliant, light and strong. I don't use carbon arrows though.
I work with this stuff for a living and would choose a good bit of steel for suspension application any day of the week.