AaronD, I think you are talking about The High Crusade. Entertaining book; IIRC, the advantage to the bows and crossbows was they didn't have to worry about ricochets aboard ship. For zero-G, I'd think an archer (who is used to aiming above his target to lesser or greater extent, depending on range) would require some time to adjust to truly straight arrow flight.
While the story was hokey, I thought it made one great point: The aliens had the medieval Englishmen cowed, when they first exited their ship; the humans didn't attempt to fight until the aliens killed one of the humans. If the aliens had simply maintained the edge they'd started with, they might have done much better, but once they started a fight, they forced the Englishmen to fight back. A combination of "nothing to lose at this point," and "we understand kill or be killed." Moral of that part of the story: 1) Don't overplay an otherwise winning hand; and 2) Beware forcing a subdued opponent into having no choice but to fight.
As far as zero-G combat goes, Orson Scott Card's Ender's Game has an interesting take on how that might work, with regard to both weapons and tactics.
With regard to a bullet going around the moon, not likely. The same lack of atmosphere that would allow the bullet to encounter almost no drag, allowing velocity to remain near-constant, would also mean there's virtually no drag to resist the acceleration imparted by gravity (IE, no "terminal velocity"). Even at 1/6G, the downward acceleration would be 5.3ft per second*squared; after 10 minutes, the acceleration moonward would be around 3200fps, which would mean a 45deg slant angle downward for even the upper tier of rifle velocity rounds.
So, the bullet would carry a lot further on the moon, but it wouldn't circumnavigate.