Got it sanded down and started putting a finish on it. Decided to keep it dirt simple and rub it down with rendered fat (beef tallow for now). It's a target bow, so I didn't see a need for extreme sealing or anything.
Got the nocks cleaned up and smoothed out, too.
Getting ready to wrap the handle tonight... After the second coat was worked in, it kind of glows... there's something about buffed oiled wood that just makes it feel like kind of a shame to cover it up with a wrap.