I am surprised no one has pointed out yet: shooting arrows / bolts, as well as throwing things is GLITCHED in any version since and including .800, but only in 3rd person mode.
Very easy to check: aim at something, then press R. Then press R again. Watch the targeting reticule bounce.
Another way to check: when in town / village, pick an object close to you (for example, select a particular brick in a wall). Aim in 3rd person and shoot. Now try aiming in 1st person and shoot. Did you hit it?
If anyone knows of a fix (I don't), please direct.