Michael,
Everyone knows I'm a strong advocate of JB Weld for sealing joints, but I'll be the first to tell you not to use it if bonding strength is the primary thing you're after. I use it for guards on hidden tang type knives to seal the joint, but not to hold the guard on.
I like it because of the easy cleanup, and no chance of rust spots down the road from hidden, trapped flux. Yes, it has a strong bond, but that's not why I use it. It is good for sealing the joint because it is impervious to water, gasoline, chemicals, and acids.
But to answer your question about the the difference between JB Weld and JB Kwik, well it's the set and cure time, the tensile strength, and the amount of resistance to heat. Here's the run down:
JB Weld
Properties (lbs/psi)
Tensile Strength: 3960
Adhesion: 1800
Flex Strength: 7320
Tensile Lap Shear: 1040
Shrinkage: 0.0%
Resistant to 500º F
JB Kwik
Properties (lbs/psi)
Tensile Strength: 2100
Adhesion: 1800
Flex Strength: 7320
Tensile Lap Shear: 1040
Shrinkage: 0.0%
Resistant to 300º F
I use the JB Kwik sometimes, but you don't have time to fool around. You've got to get that sucker on there and get it cleaned up pronto. Now if you are trying to use either one of these in place of brazing or welding a tang, get that idea out of your head.