Let me sum my experience in laminated wood bows this way:
I am probably one of the few who build wood lam bows using a "recipe" for stack thickness the same way the glass guys do it.
It took me roughly 3 years of design iteration, and developing skills in bowyering to be able to build an all wood laminated bow that would approach the performance of a simple but well made fiberglass/wood core longbow,. A good fiberglass recurve or performance bow will still beat them every day.
My bows also probably won't last as long, take longer to make, require meticulous material selection, and more skill/care to tiller properly. Lastly, every time I change wood species, or even use a new board for laminations, the exact specifications that I need to use change and its hard to hit target draw weight without a lot of careful sanding/scraping.
Also let's not forget that no matter how fancy I try to get, I still have to use rather plain looking hickory on the back and a relatively limited number of good performing woods on the belly; no fancy veneers here.
The average guy who takes their time, and builds a proven design of a glass/wood bow, will end up with a bow that performs as well or better than mine and lasts a lot longer, and they can do all that on their first try typically.
So what makes fiberglass so much better? In a nutshell Its much more durable, much stronger, and much more consistent.
With all this said, I have numerous bows that have many many many shots through them (thousands of shots probably), and have hunted and been strung for many days, and still perform well and show little to no signs of wear, save maybe a bit more set than they started with. So even a wood bow is a very reasonably and practical hunting tool, and as long as it's well made, you can expect a very long life.