I've built many lam bows and never used glass.
Aside from really really short limbs, or extreme amounts of reflex, you can do most anything with wood that you could with glass. Including fancy risers, takedowns, recurves, etc.
If you build a lam bow from wood, it's probably not going to outperform a good glass bow of the same design, but if you do it right you can be darn close.
If built well they can also last a long time.