I don't use it in bent laminations or veneer work because it can creep, especially if it gets warm. TB II has become my go to shop adhesive. I also don't use it in exterior door glued up panels because the panel can separate at the glue line if it gets really hot from sun. But for non-structural exterior applications, it's done well. I have some outdoor furniture that's fine after 10 plus years, and the three edge glued redwood boards on the roof of a birdfeeder I made over 20 years ago have yet to fail despite sitting out fully exposed year-round.

John