Bit of a late reply here but I was looking for some info on using Elmers Craft Bond myself.
I'm a newbie quilter and I knew I would be awful at pin basting so I immediately went into research mode and found out about spray basting. Which I was super excited about until I saw how ridiculously priced the cans were. So I remembered I already had a can of Elmer's Craft Bond upstairs that I used for putting drawings on cardstock backing, and I googled until I found someone else using it for quilting.
SO FAR it hasn't stained anything and I'm really happy with it. I notice a bit of gum on the needle but it's not so much that it gets in the way or can't be cleaned off easily as needed. It's repositionable and it doesn't make the fabric feel stiff or anything. I just make sure to lay down some newspaper or tracing paper or something so I don't get it all over the house.