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I guess when I get better at smoking and can differentiate the different flavors I will give it a try. For now, I will just stick with the store bought mesquite and hickory. When I do attempt it finally, I will let you all know how it goes.
About all I can tell you about basswood Bobby, is that is has a low ingition temperature, and burns very rapidly for a hardwood.
After doing a quick google, I found a company that actually has to issue an MSDS sheet because they sell something made of basswood.
It might be ok, but seems to me you'd be tending the fire constantly.