bonez899 -- Yep, I understand about that and am not surprised nor disappointed that the before-story that I pick would not result in a heavy-duty archer -- I just meant to say that I tend to subsequently develop my character in the direction of archery as that is my preference for carrying a missile weapon with a higher fire-rate when I am on foot.
It is very useful either in siege, when attacking a bandit hideout or when depleting the bad guys in what would otherwise be a pure melee situation. Also when killing the "nervous man" it is pretty effective when I do not have the hit points, health or armor to get into a whacking exchange with that individual.
If I have extra points I will sometimes beef-up these skills, although it is always secondary to the aim that I need to lead my band. I am quite content to use a masterwork hunting bow for it's speed and nonexistent power-draw requirement, combined with as many high-damage arrows as I can lay my mitts on.
I do not waste extra points on horse archery because I rarely use my bow while moving on a mount, but almost always mounted standing still or in a siege. For me, the choice is speed.