Sounds like you have the Bermuda 30. Ah! I dreamed about that boat for
years and even visited the Cheoy Lee boat yard where they were still
building her in the mid '60s.

25 years later I purchased a Cheoy Lee Clipper 33..

Back to your question.. I'm no expert on wood species but several of my
older boat had douglas fir bowsprits (the clipper 33 was spruce bow
plateform).

The load here will be mostly compression and most anything that would be
good for mast building would work for the bowsprit. IMHO

Since the weight is down low, I wouldn't worry about that too much. The
hardware is going to be more than the timber..

You might also want to keep rot resistance since you will have a number of
metal fitting where water can get under..

Good luck..

Steve
s/v Good Intentions

BTW. I have some of the original Cheoy Lee sales brochures here if you would
want a scanned copy.