Thought so... flexing the bow causes it to heat slightly - you can see this for yourself with a rubber band, stretch it quickly and touch it to your cheek and it'll feel hot. I suspect PVC is either better able to store the heat, which is another way of saying rubber in the rubber band is better able to dissipate it I suppose. Either way you look at it storing heat in the PVC makes it less able to store energy to propel the arrow, probably in much the same way as losing the heat from the rubber of a catapult elastic (when it's held in tension for too long), reduces the energy available to propel whatever you're shooting from it. Has anyone done similar experiments with wooden bows for comparison?