god you are an idiot, i hate it when uninformed people try to give advice.
wood glue is used as a water sealant and too help hold the screws in place. without the wood glue, there is a good chance the vibrations would cause the screws to unscrew themselves
you dont need to heli coil unless you ripped the binding out, if you are just moving bindings from one ski to another chances are the holes are not stripped and you can just screw the screws in the hole using would glue or epoxy.
and to whoever asked about look/rossi bindings.
the axial/px bindings all have same hole pattern, they are interchangeable
the pivot bindings have the same hole pattern, they are interchangeable
the pivot and axial/px bindings have a different hole pattern so they are not interchangeable