If steer manure is not aged very much or at all, it will burn the roots/inhibit root growth. Even if it is aged it is heavy. I would make it only 10-15% of my mix. What kind of bark dust are you using? Hopefully it is pine or fir. If it is fresh from deciduous trees it can also burn the roots. If you are using pine or fir bark it is very acidic, you should add dolomite lime, gypsum or something to bring up the ph/balance the ph. I have not done your math, but you want the perlite to be anywhere from 40-50% of the mix. It needs lots of drainage, because it will be out in the rain a lot.
Your mix is very similar to my grow mix, which is perlite, ground bark, peat, worm castings & dolomite lime. I used ground bark because it does not compact as much as bark dust. (For seeds I do use bark dust, but I also add lots of perlite and some turface to keep it from compacting.)
In conclusion 10-15% composted manure, 40-50% perlite and the rest bark, and add slow release source of lime. If you are going to stick with the bark dust I would make the perlite 50% of the mix.
Good Luck