Hmmm. I don't core- I probably never will.
But, if I did, I'd probably be leaning toward good old-fashioned wood glue. Unless you are gluing something REALLY oily, that traditionally doesn't take wood glue, I find it hard to beat wood glue on (most) woods.
That being said, if it was oily, I'd wash the cavity with Acetone right before gluing. Then I would use West system with the slowest hardener you can get (I don't remember which that is 206 maybe?).
Anyway, in either case, use a boring bar to cut some grooves in the cavity around the circumfrence, and also 'broach' with the boring bar to make some releif grooves for air. The consistency of the glue determines the size of the releif grooves. Make similar, but not perfectly matching, grooves on the dowel.
Coat the dowel end to end with glue and also slather the cavity (cheap acid brush). Twist while assembling.
If you get air pockets with this method, you need to work on thechnique a bit. A lead in chamfer in the cavity and a chamfer on the dowel will help reduce the 'piston' affect forcing all the glue out the other end.
If done right, it will be a serious mess to clean up...:thumbup: