[chao-]

I don't know enough to say why that would or wouldn't work in some absolute sense. But if we're comparing instead of talking absolutes, my first question to narrow it down is: "Doesn't superglue have some gnarly stuff in it? Stuff that you don't want in your body if an alternative like this exists?"

[hga]

That'll depend on the exact type of superglue, but there's a more basic problem in that the standard stuff uses a cyanoacrylate that often is an irritant. So they use a slightly different variety in medicine, first trade name Dermabond, which was used the last time I got a bad enough cut. It's really good stuff, but as noted elsewhere, not so applicable for catastrophic hemorrhage.