You're gonna lose 10fps at 29" draw.......another 50fps for a 500gr arrow......you'd need an IBO bow at 360fps IF you've got nothing on the string, AND the bow is actually losing 1fps for every 3gr of arrow weight.
If you plan on shooting with a loop, peep, etc.......then you're gonna need at least a 370+fps IBO bow.
I on the other hand.......with a 32" draw, could probably get that speed with a 500gr arrow.:wink: Right now I'm getting 292fps with a 481gr arrow at 68lbs with a 316fps IBO bow.