Punky or very soft woods require stabilizing, right?
Yes. Stabilization/impregnation will fortify the wood. This makes it much easier and durable for use in a pen.
Normal hard woods turned with sharp tools and going slow don't necessarily need to be stabilized, Yes or no?
Yes, they do not necessarily need stabilized.
As a pretty new turner is this a skill that I really need to invest the time and money in or just enjoy turning woods that are hard and probably will not split out on me?
I and many others have enjoyed turning pens and other projects without the need and use of stabilization for many years. It's all preference.
Does stabilizing change the look of the final product significantly and is that good or bad?
Thanks
Boswell
No. Stabilization, if done properly will not alter the look of your wood. It will alter the feel of it though. Stabilization products which are available to the home user, such as Cactus Juice, do a wonderful job, but you will notice a significant difference in the feel of the wood as it is heavily impregnated with a hardened resin. Commercial/professional services, such as those I offer, often use resins and formulas that are not suitable, safe or available to the home user. The most common compliment and feedback I get is how effective my stabilization is, but the wood looks and feels the same (just a little heavier and much stronger)
Stabilising wood means in general terms, "plasticizing" the wood by soaking it in special resin that hardens when cured, this is why punky woods from that are useless or almost unworkable turn into solid pieces of wood/blanks.
George,
While I would agree with everything else you said and applaud the great explanation, I have one pet peeve I can not ignore... so I mean no offense, only to offer knowledge.
This statement is actually inaccurate. This is not the "general terms", but the common misconception. Stabilization actually means to make the wood stable from movement. This can be one of many processes, not all of which are "plasticizing" the wood. Stabilization prevents movement between the cells within the wood, most commonly due to the loss or gain of moisture. This expanding and contracting causes checking and movement within the wood. A wood with a T/R ratio closer to 1:1 is said to be a "stable" wood and will expand or shrink in a fairly uniform manner in all directions. These woods are easy to dry without stabilization.
Technically speaking, pressure treated lumber falls into the category of stabilization as well. It is artificially made more stable and resistant to damage from insect and rot. From the outdoor decking/fence lumber to railroad ties, none of these examples have been "plasticized."
The "plasticizing" you are referring to is actually impregnation. This is only one form of stabilization, but can be both open cell or closed cell in nature. Open cell and closed cell stabilization basically boil down to weather or not the impregnation occurs within the cell walls or simply coats the outside of them and the space between.
In any case, I hope this information helps all who read. I fully agree with everything else George has said and only quote as an example of a much larger misconception. Hope you don't think I'm trying to single you out George, you certainly explained the benefits and advantages well for the OP.