It’s the only thing I use on woodies; it’s easy, cheap and simple.
Haven't much concern about target burn since most practice is done stumping and rarely at commercial targets so can't really comment on durability on commercial targets, but have found lost arrows over a year in weather and shaft still sealed and straight even though feathers were faded, deteriorated or gone. Refletched the shaft and arrow was as good as new.
From personally experience, it’s the only thing I’ll every use on wood shafting.