I may be new to the whole saber building scene--but i see no reason why it wouldnt work. wood wouldn't be the best heatsink at all, but since it's not completely wood it shouldn't be too bad. granted wood may not be as strong as the aluminum in the MHS pieces, but depending on the wood and the thickness of the ID that you drill out, it can be quite a strong piece.

and personally, i'd love to see some exotic woods integrated into a saber