I have made them out of just about any kind of wood there is just to test woods. The yellow burch, although a very heavy arrow, came out real nice, maple came out about the cleanest, cherry made a very nice arrow and osage was the worst.
I even made an arrow out of very expensive dark grey laminated wood that made a nice arrow. This wood came from a furniture finishing business and it was top quality laminated.
A group of us make bows, knap heads and make arrows on Thursday nights so when we set up the double cut verita we figured out that we needed a guide behind the cutter so we lined up a 1/2 piece of plastic pipe and use that as a guide. Some one also stands behind the cutter with very fine sand paper and sands the shaft as it comes thru the cutter.
Make sure you push/drill the wood thru the cutter slow or you will have arrows with a bunch of rings on them.
Just a few tips from our experimenting with the cutter.