I switched over to wool 2 years ago and i love it. But I cannot say if all wood pads are created equal. I use all Meguiars products for buffing.
I hate buffing and have tried a number of products to make buffing easier. I used 3M for many years but found the Meguiars products work better for me.
Wool cuts better and quicker than foam.
But, as wool will heat up the surface quicker, it will also burn the paint if you're not careful. You have to keep the pad moving and make sure its wet enough.
if you try out a wool pad, practice on a spare piece and get used to how it works before using it on the real thing.