As long as the glue is labeled "Washable", it is fine to use in a quilt. The first time you wash it, it will be gone. I, too, am a glue stick kind of gal, as I tend to end up with glue all over my hands and anything else in the general vicinity when I use the bottled kind. But I figure that's just one of those choices we are lucky enough to have to make, like spray starch, sizing, or Best Press.
Save your money and buy at WalMart, the discount store or wherever it's on sale. $1.99 sounds awful high to me, as I just bought a package of 6 Elmer's glue sticks for 99 cents. The package had clear gel and purple glue sticks in it. I use it for applique and for securing things like velcro before I stitch it.