I'm just talking from experience pal, its designed for cutting metal. Bearing in mind, i'm not a pin expert but i do know the wood they use looks pretty substantial, well put together.What's all this crap about a holesaw you'll need a fire extinguisher ?
If it's sharp and you take your time and don't force it then it's the correct tool for the job.
I was running cables through a building soffit and forgot my auger - I used my HSS hole saw and the heat and smoke generated nearly set the soffit on fire.
I've used hole saws for making holes in wood, it does burn and generate heat.
IMHO, It is not the correct tool for the job