.....
2) Is there any other advantage to titebond?

I went back to using Titebond for most of my gluing. Titebond II was too
viscous, and more of a pain to use.

You are better off with a variety of adhesives --- Polyurethane, white (for
more working time), yellow, water-resistant yellow, 5 min epoxy, System 3
regular epoxy, hide glue, and hot shot. They all have a place in the shop.