No it wont work with paralel limbs, but they have another thing called bow jaws? like 40 bucks though! Not worth it to me, the bow is in the way there anyways. 10 dollar realtree bow arm for me, holds everything!
I have both the bow and rifle grommet. If you have a newer parallel limb bow, the molded in holder won't work. You will need both the grommet and the "Wolf Jaws". To be completely honest, the design of the "Wolf Jaws" isn't the best. I won't use it unless I'm sitting down, otherwise I worry about accidentaly bumping it and knocking it out of the tree. It is handy when I'm sitting though......