I know it's a bit weird for me to say this, but let me explain. I've been testing a custom pack I've been working on for a while, trying to figure out some things that need balancing. When I was testing weapons, the Netherite Bows (Both Crossbow and Longbow) are just too powerful in PvP. It's not just the damage, since you would hope that part would be strong. The problem is the speed, and pairing with enchantments.

(Testing against a target dummy) these are the damages ranges I've found. using Netherite ammo.

Un-Enchanted Netherite Crossbow
Reload time = approx. 1 second
Charge: Doesn't seem to affect damage.
Unarmored: 25-40 damage,
Unenchanted Netherite: 17.3-26 (35.3 crit)
Protection V Netherite (All Pieces): 8-16.2 (23.5 crit)

Enchanted Netherite Crossbow (Power V, Quickcharge III)
Reload Time = approx. .3 second
Charge: Doesn't seem to affect damage.
Unarmored: 39-62 (87 crit)
Unenchanted Netherite: 26.7-42 (62.2 crit)
Protection V Netherite (All Pieces): 16-24.7 (38.1 crit)

Un-Enchanted Netherite Longbow

Charge time: Approx. 1.3 second
Unarmored: 21-28 (36 crit) (2-4 uncharged)
Unenchanted Netherite: 6-10.9 (13.9 19.3 crit) (0.7-1.3 uncharged)
Protection V Netherite (All Pieces): 4-6.9 (12.9crit) (0.4-0.6 uncharged)

Enchanted Netherite Longbow (Power V, Quickshot III)

Charge Time: Approx. 0.35 second
Unarmored: 35-49 (73 crit) (4-9 uncharged but really hard to not charge a shot.)
Unenchanted Netherite: 15.6-27 (32.3 crit) (1.3-3 uncharged)
Protection V Netherite (All Pieces): 9.4-16.2 (24.7 crit) (0.8-1.8 uncharged)

At these values, the bow weapons overpower basically every melee weapon by a long shot, with the only drawback being ammunition (and it's less of a drawback if you have mods that help you find diamonds and Netherite easier)

I feel the issue isn't the damage being exceedingly high, rather the reload and charge speed being far too fast. I think the best way to balance it would be to have the stronger bows and crossbows take far longer to reload and charge. at least 5 times longer for the crossbow to reload (The thing is capable of one shotting a player in protection 5 Netherite), and 3 times longer for the bow to charge to full. Maybe need better testing and tinkering to find better values for balance though. Either way, both the longbow and Crossbow need a major nerf to their firing speed (both unenchanted, and especially enchanted) because at that the current levels, there's no reason to choose Melee.

I would like to make an amendment, as well as an apology. I was didn't realize the the Power enchantment was only applicable to the crossbow through Cyclic, and thought it was normally able to be applied to the crossbow, as well as the Longbow having an enchantment that provides faster aim.