The "Friendly Creatures" Music & Sound setting affects the volume of the block breaking process (not the sound that is heard when the block breaks, but the sound that is heard while hitting the block) as well as the sound of shooting a bow.
It is expected that the "Blocks" should affect block breaking and something else (possibly Ambient/Environment?) should affect the bow sound, but it does not.
Linked issues
Comments

Duplicate of MC-36360.