I think this will be useful for gun builders. Seeing the whole picture of what's going on will help.
This might not be %100 of what's going on but it is pretty close. Any mistakes seen will be gladly appreciated.
I will put a couple of hand drawings up trying to make sense of everything going on.
I'll add descriptions later on.
Point P is the point around which a gun can pivot. Somewhere in the wrist depending on how you hold the gun. The W's are the weights of the gun and spear and the By is the buoyancy force. Bouyancy force is the weight of the water displaced minus the weight of the wood gun.
b is the band lenght and d is the distance from band hole to notch and B is a point on the notch.
Also the mass of the person is much greater than the mass of the gun and spear which I have asssumed makes point P stationary. That is, a force exerted by the gun cannot move the person due to their mass and surface area.