basswood
Rocfish, I don't see any reason for not using basswood. It is not mentioned much because traditionaly, other woods are more popular. It turns and carves very easily, has very little grain distiction, sands and holds finishes very well. If there ares any shortcomings, it is that it is very light, requiring weight for the desired action and it dents easily.
Glueing your stock should not present any problem... you can use a polyurethane glue ("Gorilla Glue"), epoxy(2:1 resin to hardener) and might want to try the new TypeIII waterproof. I would recommend the epoxy as its reliability is well documented. The urethane glues also work very but they ususally "foam up" at the glue joint, which when removed may give you a porous glue line that may require some filling.
Turning the glued stock would not present any problem at all, provided the adhesive used was fully set. After your turning is complete and you are ready to seal your plug, you may want to consider using epoxy again as the sealer. A trick here is to heat the plug (NOT the epoxy) as the plug cures the trapped air in the cell walls will contract and the epoxy will be pulled further into the grain. This will make the plug a little heavier and more resistant to toothy critters. Hope this answers your questions.
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