Iron Bow

Early bows sit close enough together that the metal ones rarely earn the trip. If your world has a Corruption or Crimson patch anywhere near spawn, the wood bow cut from those trees matches this one and needs nothing but an axe and a workbench, so plenty of runs never bother crafting it at all. Where it does show up is the world that hands you an iron vein before it hands you anything else.

It applies no knockback whatsoever, which quietly removes every knockback reforge from the pool at the tinkerer. That narrows the roll down to damage and speed, so Demonic is the ceiling rather than Unreal. Not worth spending much gold on either way, since anything built from evil ore replaces it within an hour of play.