in general, it's best to avoid knots exiting the belly right on the corner like that, but as others said, you can probably get away with it on this one. On some woods like Ocean Spray, you can hardly avoid it. Also some woods are "magic" and tolerate almost anything, such as Ocean Spray.
how long did you dry it? how did you prepare it for drying? (seal ends, remove bark,...?) Just curious because OS is tough to season without checking. We'd love to get all the stats on this bow when it's done!