I've used honey and Agave Nectar in sauces but not as a main ingredient. I used only enough to get the sweetness or flavor I was looking for.
Cheers,
RM
Works well in some BBQ sauces. I find if you counter it with citrus it really works.
I would love to have your recipe. I too am not a fan of the vinegar taste. I just picked up a couple bottles of key lime juice that I plan on using in my next batch - for pH and taste.I've made a "sweet thai" sauce in the past with the addition of honey, it helps tame down the rice wine vinegar...