The straight edge will work on bows with a bit of waggle.  I typically heat that out as I prefer a flat level belly.  But even with odd areas, you just account for them.  On areas that are bending too much, I put an X through that area on the belly.  I take wood off the areas outside the X, leaving it alone.  Somewhat of an eyeball thing, but just monitor the gap.  I have used the outline many times and it works fine.  It's just quicker for me to use the straight edge.  I do like Jawge mentioned in that I put the tips against the wall and measure to the back of the handle.  With any reflex your tips are forward the handle.  If I see that measurement start to drop I know I need to assess where.  That's when I use the straight edge and compare it against what I had earlier.