I haven't hand quilted in several years. Back when I did, though, Gutermann was a great brand and never caused any problems. I liked it because it never tangled and caused a knot while hand quilting, the way regular thread did for me. Maybe it has changed since then?
I never used hand quilting thread for sewing on a binding, though. The stiffness of the glazing would have driven me crazy. Seems to me a flexible thread would work better for bindings because of the different motions involved. The glazing and stiffness of hand quilting thread is a real plus when going in-and-out for hand quilting stitches; binding requires thread that can curve a lot easier (to my mind, anyway).