Just as a point of clarification, the dowels we buy are not turned. They are cut by shapers and what comes out is a rounded stick. The bend came after the wood was ripped to width and resulted from tension being released in sawing. If it was straight when it went into the shaper it will be straight when it comes out. If it had a bend, then it will be a bent piece of rounded wood that may warp again or might not.
Until it has been turned straight between centers and allowed to acclimate to its surroundings you can't tell if it will warp. If it has warped when you get back to it, mark it after turning straight again and if it warps again, it is trying to tell you something. I seldom turn shafts more than once a year and if after 3 years a shaft warps, it goes
If you value your time less than whatever you paid for the dowel then don't throw it away, but understand that chances are very good that in the end, the best you will be able to make is a shaft that has proven it will warp. All you need to do then is throw it away and start all over with the turning, drilling, tapping, putting on the ferrule, the tip, and the finish. What's that worth?