Not even close to accurate.
In vacuum casting, your worthless wood is placed in your pot and vacuum is applied. The resin will be driven into the mold by atmospheric pressure (perfect vacuum =29.53 in/hg = 1 atm), while the vacuum will also remove trapped air that would otherwise impede the free flow of the resin casting material.
It's generally not used due to it's more complicated than using pressure and most people aren't set up for vacuum. Either method will work well.
All the big stabilization companies use a combination of vacuum, pressure, and heat. A vacuum is pulled in the chamber, then an inert gas is compressed into the chamber followed by a heat cycle. It allows them to stabilize in an hour what would take days for the DIY person to do.
Here is an example of what I used to do with Vacuum infusion when I worked with automotive composites. The resin is drawn into the carbon fiber using vacuum which creates a super lightweight, perfectly saturated part. The only way to get better parts is to use pre-preg and an autoclave, which again uses vacuum and heat to cure the pre-impregnated cloth.
http://www.youtube.com/watch?v=fP9_eWAsuYQ