Alrighty!!! Yep, like J Hall said, my contact mic wasn't quite working out in the long run. Just picked up too much of the bow noise...
Here's what I do - I have a SM57 placed about 7-8 inches from the underside of the saw (the side closest to the ground), placed about 7-8 inches (again) from the handle of the saw. If you run it straight into the PA, let the sound person know that you want most (if not all) of the mids and trebles cut out, or else you'll get a lot of screechy bow noise. I run mine into a 250 watt Kustom head and 2x15 cabinet, and then have THAT miced - I ain't screwing around! Sometimes, I'll add a touch of reverb.
I actually have a chair that I put together with some mic rigging, so I don't have to bring along a small mic stand.