TBII has that bright yellow color that makes for hiding squeeze through nearly impossible. The viscosity is also way too much IMO.
Yep. But TBII can be thinned with water, which is how I generally have used it for veneering. The downside is that thinning it lengthens the open time.
Does it act like liquid hide glue or does it have a gel point like HHG does?
More like liquid hide glue, so it doesn’t have the quick gel that makes HHG work so well. That said, it’s not a bad glue to have on hand. I’ll be replacing my fish glue with Piggly No Wiggly once I’ve used it up or had it go bad.