I owned a hobby shop when CA glue came on the scene. Limits? No specs but CA did seem brittle when used for non-porus parts joins, as it didn't take shock well. But it was the bomb for asembling model airplanes - you know, back in they day when you actually had to build your plane. CA loved balsa, didn't like spruce or pine spars, but . . . we would trim out all the parts, toss them in the model box alomg with a handful or two of BAKING SODA, shake box, and assemble parts. I was even gluing busted off hose nipples on poly window washer tanks with CA by finger tamping a filltet of baking sode around the break and then gently dropping thin CA on the fillet = puffa smoke, deal done = like concrete.

I would not depend on CA for an entire boat sturcture, but I guess a spot fix will be fine. If your strips are cedar be careful - CA soaks through wood like crazy and you may wind up with your pushing finger glued to the wood. Been there, done that . . . 

I used it for the 'spot welding' setp of my kaholo SUP.  It was very easy to use.  I highly reccomend using the activator with it.

Like Hokey said, I wouldn't use it for structural builds but for spot welds that will be later filleted and epoxied.  It has been my experience that it works great.