I've been using Gorilla Glue for a while now with GREAT results. I used Powerbond prior to using Gorilla Glue, and it's good stuff, but nowhere near as strong as Gorilla Glue.
I prep the shafts by using a gun cleaning brush to scuff up the inside of the shaft, then taking alcohol-dipped swabs and cleaning out the residue. When installing the inserts, I make sure to moisten the insert first, apply the Gorilla Glue, and then work the glue into all of the knurls in the insert by turning the shaft and working the insert back and forth at the same time.
Gorilla Glue does expand when it dries, but I've never had a shaft crack from it - usually if there's any excess it just comes out where the end of the shaft and the lip of thie insert meets. I always let the shafts dry in a vertical position with the shafts against the floor to make srue the expanding glue doesn't form a gap between the sahft and insert.
A few nights ago I put 3 Easton ST Excel 500's through a 3/4" piece of plywood on accident (missed the target) and none of the inserts got loose - with Powerbond I was almost guaranteed to lose an insert in the same piece of plywood.
To remove a Gorilla Glue'd insert, put a field point in a vice horizontally and screw the shaft onto the threads, but only screw it on enough to engage the threads firmly, not all the way up to the point. Then take a torch and heat the insert while keeping steady pulling pressure on the shaft. The therads on the point will direct heat into the center of the insert, but will not heat the shaft directly (unless you screw the shaft all the way agains the point, which will ruin the arrow shaft pronto). If you keep steady pressure pulling back on the shaft away from the point, as soon as the insert gets hot enough for the glue to release your sahft will slide right off the insert with no damage to the insert or the shaft. This works just as well with Powerbond as it does with Gorilla Glue.