Correct, as in "лук и стрела" (bow and arrow). Thus, the lukavi (or lukavy) is the one who bends the truth and therefore deceives.
If you think about it, deception is not a lie. Deception is a distorted, or "bent" truth. Rather than tell something completely untrue, satan uses distroted truth to deceive.
So, he is not a prince of outright lies but a habitual bender of truth, or lukavi.
I think I have to disagree with you a couple of ways here. satan IS the prince of outright lies:
John 8:44 : You belong to your father, the devil, and you want to carry out your father's desire. He was a murderer from the beginning, not holding to the truth, for there is no truth in him. When he lies, he speaks his native language, for he is a liar and the father of lies.
I see deception and lying as being different concepts, but not necessarily unrelated. A magician deceives us, yet since it is not to harm us, he is not "lying". However, when a conman does the same trick, he is deceiving AND lying. I believe satan does only the latter.
So, let's see if my theory holds water:
Luke 4:9-11 : 9 The devil led him to Jerusalem and had him stand on the highest point of the temple. "If you are the Son of God," he said, "throw yourself down from here. 10 For it is written:
" 'He will command his angels concerning you to guard you carefully; 11 they will lift you up in their hands, so that you will not strike your foot against a stone.'"
Obviously, satan is purporting to quote Psalm 91:11-12, but he conveniently leaves out the crucial phrase "in all your ways" (at the end of 10). I contend that this is much more than a twisting of scripture, it is a full misquote because the error is so material. ... satan was attempting to apply God's promise to something that was against God's will. In my view, this VOIDS the entire passage as quoted by satan. Even though all of the other words, save the missing four, are identical, the meanings of the two different passages are night and day. My view is that satan's entire quote was fully a lie, not merely a bending of the truth.