I ain't buying it. I think it's due to other reasons.
I think it's mostly due to not making the bottom limb weak enough. Seriously.
Why would a bottom limb have to be strained differently from a top limb, especially in symmetrical bows? I always aim for a perfectly symmetrical tiller and don't leave the lower limb stiffer.
Now, if you leave one limb stiffer ("not weak enough"), it means the other (necessarily weaker) limb takes more than half of its share of the stress, and is strained more. More strain, more set. So shouldn't then the weaker (upper) limb take more set?
Pearl Drums: a 10% change in ambient moisture from 65% to 75% at 20°C gives a wood MC shift from 12% to 14% (see for yourself here:
http://extension.psu.edu/natural-resources/forests/woodpro/equilibrium-moisture-content-calculator).
That seems like a big deal to me. See line C in this figure (Wood Handbook). For the example in the figure, the compression strength shifts from 55 Mpa to 50 Mpa due to this, which is roughly a 10% change. Any other change in MC of 2% will have a similar effect according to that graph. I'm not saying that, the authors of the wood handbook are.
This was an equilibrium MC difference across 2 m. In a bow, this difference will be more subtle. But maybe enough to make a noticeable difference in set.
Note, I haven't said moisture is
the reason, rather a factor to consider.