Speaking purely for myself, I found compound bows a bit dull. When your arrows are all gold, it gets monotonous.
You just adapt and start placing the arrows in specific parts of the gold as a challenge. It gets expensive in damaged arrows if you just aim for the centre.
I mainly shot 20 yard "Portsmouth" round (or the US equivalent) so there's the challenge of getting a perfect round rather than just a high score.
It's just like Rifle shooting, you use a smaller target and compete against similar equipment.
There's certainly no point shooting 40 yards into a full size target but wind still plays a huge part at the longer distances (although still a lot less than a traditional bow when the arrow from a Compound is leaving the bow at around 300 feet/sec).
I quit in the end because, after returning to the UK from America, I was asked not to shoot animal targets at my new club because "It was upsetting some of the members". These were paper targets of Deer, Bears and the like I bought in my US club. I got tired of all the "we'd prefer it if you wore a green top and cream/white trousers" approach to Archery in England, too much committee, not enough fun.
My Bow was also camouflaged which didn't seem to go down too well either.
