So it seems like archery is much more doable now, I am posting a couple pics of me with 1MM and a q4 bow.
When I aimed at the rabbit the bar ended up filling to a bit over middle, and the shot went wide to the right but it seems like it's much more accessible than before.
EDIT: I forgot to say that the bar did fill to a little over half, but it got then in less than 30 seconds.
EDIT EDIT: more details.
Missed shots can be picked back up, you can move while aiming but it drops your accuracy quickly. Animals moving does NOT lower the accuracy bar, however if they move to another direction than you are facing, pressing fire will turn you toward the animal again and reset the aiming bar.