Hi ya
I would go along with using Aliphatic Resin glue for gluing individual planks as for plank on frame construction - but - one of the biggest factors to take into consideration are:
a) what type of wood are you using to plank with
b) are you going to seal the planking with some form of waterproof coating - such as Epoxy resin - or a polyester resin with a top coat of waterproof paint
Basically, as long as the glued materials are kept dry and sealed from the elements (water) in theory there should be nothing wrong with using standard PVA glue. I have done that myself in the past and my models are still around today.
The golden rule is to ensure that any surface is sealed.
Normally, when constructing a hull, I seal the outside of the hull with an Epoxy resin - either a fine tissue matt or a woven roven matt in the mix.
On the inside of the hull, I will give it a full coating of polyester resin before I put the deck on, ensuring that the hull is well sealed. At the moment, I am busy diagonally planking a rather large model and I am using Alaphatic Glue - it tends to grip the planks in about 15 minutes, giving a good working time to shuffle the plank in the correct position. I know a lot of people use superglue, but, to me it doesn't give adequate time to get the planks in the correct position. I have even destroyed a plank trying to get it into the right position.
The other thing which springs to mind in some hulls, I pin the planks with brass nails.
Just my twopenneth worth.