The Warlock Invocation, Moon Bow, allows you to go around without ever carrying a weapon. You can summon your bow as an action, and then knock back the string and create an arrow instantly that you can fire. This is really, really cool.

Moon Bow

You can create a longbow using your Pact of the Blade feature. When you draw back its string and fire, it creates an arrow of white wood, which vanishes after 1 minute. You have advantage on attack rolls against lycanthropes with the bow. When you hit a creature with it, you can expend a spell slot to deal an additional 2d8 radiant damage to the target per spell level.

However, would the bow be able to fire magical ammunition? For example, an Arrow of Dragon Slaying? Or a +1 arrow?

Also, assuming you do use magical ammunition, can you expend spell slots for 2d8 damage per spell level on a hit, or does it need to be the white wood arrow created by this invocation?