Just so folks don't think this is just my personal opinion:
From Frank Ford:
“Various species of spruce have been used for steel string guitar tops over the years, and each have their devotees. I'm not going to get into speculating about predicting the sound of individual species, partly because of the extreme difficulty in making a positive identification.
“Time for an anecdote:
“I attended the A.S.I.A. Symposium in 1995 and saw a number of vendors selling guitar tops in the exhibition hall. At dinner that evening I sat at a large table with Tom Humphrey, the well known classical guitar builder. Tom was talking to one of the spruce suppliers and describing how he had selected the Adirondack spruce (also known as red spruce) tops he'd bought earlier.
“I asked the vendor about his spruce, "Do you know why it's called 'red' and how can you distinguish it from other spruce." He told me," I really don't know. I can't tell it apart from other species. I just have to take the word of the man who brings me the logs. He says it's red spruce."
“Certainly there are general characteristics of color and grain that help in identifying species, but these characteristics overlap to such an extent that I really wonder if it's possible to make a positive identification of all samples.”
From Rick Turner as quoted by Matt Mustapick:
"Once again, don't ascribe particular qualities only to certain wood species. As Al has noted, there is tremendous overlap from one species of spruce to another in terms of the measureable qualities...stiffness along or across the grain, density, damping characteristics, etc. Yes, the average for one type may be a bit this way or that way from the others, and hence we wind up with all this Adirondack vs. Sitka vs. Englemann, etc. debate, but it's about each individual piece of wood. But all this happens with side and back wood, too. I've seen a lot of pretty spongy Indian rosewood...stuff that had higher damping that a lot of mahogany or maple, yet it was "rosewood"...ooooooh!
Non-luthiers (and more than a few luthiers...) want definitive definitions for these various woods; they want to buy into a belief system that is rigidly compartmentalized with regard to names and wood species.
Sorry...it's all very fuzzy borders with lots of overlap. The rest is marketing..."
I don't have enough personal experience with woods to know the real answer here. But Frank Ford, Rick Turner, and Matt Mustapick strike me as fairly well-informed sources.