RE: speed of your arrow?
That will depend, to a large degree, on how heavy of an arrow you shoot. The IBO rating of the bow can only be achieved with a 30" draw and a fairly light arrow. In the real world of hunting, most folks are using arrows in the low to mid 400 grain range. With a 29" draw length and this weight arrow, you should get somewhere around the 270's fps with your rig. This is plenty fast enough.