The idea of traffic calming is to reduce traffic volumes and/or average speed by making a road so miserable to drive on that people would rather take the nearby congested arterial instead of the residential 'short-cut' . Two problems:
One, cyclists are drivers too. The road will be more miserable for them as well, bumps, humps, additional stop signs, constant merging to avoid bulb outs and curb separated bike lanes, features that are hard to see at night even with a good headlight, cobblestones, etc.
Two, drivers (cyclist and motorist) will try to minimize the calming impact of the so called calming measures resulting in even less predictable and less safe driving by all.