Yep. Not sure if that’s a bug or a balancing screw-up, but for something that is as resource-intensive to craft, they should be worth the effort. Heck, being worse that iron they’re not even worth picking up as loot anymore because iron and better arrows are so abundant.

Ivory arrows used to be my go-to budget arrow type (mostly from loot, I didn’t craft them), so it didn’t take me long to discover how poorly they performed.