Barry, the one thing everyone should agree on is you have no idea what will happen until you cut the wood. Some wood has internal stresses that can not be seen. While building a fence for a router table I made a 3/8" wide by 1/4" deep cut for an aluminum T track. The board was straight when I placed it on the table. After the cut it bowed to the point the track would not fit in. The bow was sideways, not vertical, as if I had cut an arc into the piece! I used a clamp on each end to pull it back into line and installed the T track. I left it clamped over night and it was fine the next day. Now this was straight clear Poplar that had aged in my garage for 3 months, from HD. When you introduce knots there is simply no way to predict what will happen. Some times they will cut just fine, other times you touch them and they go ballistic. The good news is you can fill in a cavity from an exploding knot quite easily. Run your bit at full speed, ease into the knot and hope for the best.