I seriously belief that Viking Conquest should BUFF UP the bow damage in the very next patch.
It is ridiculous that my character has 4 points in Power Draw and do 5-10 damage to unarmored enemy with every arrow hit. On the contrary, the same enemy who THROWS stones at me causes around 25-35 damage with every hit to the BODY. This is as unrealistic as it could be - RPG or not, some basic realism should be maintained, because bow+arrows are a lot more deadly than throwing stones at someone.
I don't know about the reticle though. As far as I can tell, my gameplay is used to the vanilla reticle and I haven't any problems with it.