Hi Gardenguy, I'll go along with what you said about ACC glue and wood. The early so called "super glues" would not work on wood but for the most part the formulations on the market today will work on porous or semi porous woods. They are not so hot on really hardwoods such as oak but most of the modeling woods are, balsa, spruce or soft pine and they work very well on them.
The formulation for a "super glue" that would work with wood was first introduced by a company known as Sattelite Mfg. They produced for the radio controled model airplane market a super glue that could be used for the assembly of balsa and spruce model airplanes. Their product was called Hot Stuff because it would smoke slightly (due to a chemical reaction) when applied to the wood. Later the Carl Goldberg Model Airplane Co. improved on this formulation with their Jet and Super Jet brand glues and finally it was picked up by the general market.
In general now, if the packaging says that it will work with wood it will, provided that it is a porous and non-resinous wood.