RE: "WHAT is this?"
A Pope and Young bow does not have more than 65% let off. In general people are lazy and will usually always go the easy route. The system in subject is no differant. Try to spot and stalk the animal this year with your perfectly good bow and save for a new set of arrows and broadheads for next year. You could even afford a smoker and a new BBQ to cook that animal. Just a few thoughts.
Thwap