Years ago, I restocked an old T/C Renegade with a piece of cherry I had on hand. I don't remember any problems working with cherry and it gave a whole new look to the rifle.
As for durability, many fine old guns were stocked in cherry. They've survived hard use for more than 200 years without breaking. New England guns in particular are apt to have cherry stocks. I have a 10 gauge fowler coming in a few months that will have a cherry stock, and I have no worries about its strength or lasting powers. And it will be a handsome gun as well.