I have just been thru a 2-3 month trial/tribulation on gluing Western Red Cedar. It started after some routine laminations with TB3 failed 100%. That is, after overnight clamping, the joints fell apart. The glue was still wet, and had not penetrated the Cedar. In this case the failure was on about 75% of the parts, about 300 l/f of glue line total. We had a couple of minor failures prior to this and chalked it up to those mysterious demons that live in every shop....
I suspected bad glue and called Titebond. I ending up having a few good conversations with their tech guy, and one of the things that came up was using TB3 for exterior doors or other millwork - on any wood.
Due to the heat of the sun and prolonged exposure, I was told that the propensity to creep with TB3 might work against us, and that TB2 would be a better glue to use for that work. I have seen TB3 let bent laminations become unbent so to speak, and never did like the rubbery end product.
The old waterproof vs water resistant is also tricky. Sort of like saying a 30% chance of rain - is it going to rain or not? Very little of our work is going to need true waterproof - boats, etc. If our door joints are exposed to enough water to deteriorate TB2 bonds, then there are more serious problems already at hand.
As for the Cedar problem, we were told to wipe down the surface to be glued with acetone or similar solvent and paper towels until no brown came of onto the towel, then glue as soon as possible, with either TB1, 2, or 3 - depending upon our needs. This is to remove the oils on the surface that some (note that word - 'some') Cedar may have.
The alternate is to go to a solvent based glue - polyurethane, epoxy or resorcinol to avoid the oil removal steps.
We have tried wiping down with acetone and still had about 10% failure in another 300l/f of 2"wide glue line. So we now use epoxy for our exterior Cedar work, and the problem is gone.