RE: small game hunting!
Icoast, it's an archaic law that came before carbon arrows. For that matter, it probably came before compounds as well. We used to have that same law here in Texas, but they changed it quite a few years back to a 40 pound minimum draw weight.
However, our minimum draw weight law does not apply to small game. So, again, check your regs.
TomyD, you've got enough bow, it's merely a matter of legalities. IF it turns out your bow is legal for small game hunting... At 38 pounds, I seriously doubt you'd have enough impact energy to use blunts, so stick with broadheads.