Biochemically our photosynthesis-enhancement strategy is a metabolic bypass pathway that reduces the energy that goes towards photorespiration allowing for more energy to go toward growth. When talking to investors I sometimes say it's like putting the plant into ketosis :) albeit that is not the perfect analog.
When it comes to improving the durability of wood, one of our approaches focuses on improving the ability of trees to accumulate and store metals in their lignin. Metals act as natural fungicides and slow the decomposition of trees. Other ideas include some of the world the Salk Institute has done on increasing Suberin production. Here's a paper that demonstrates how a doubling in nickel concentration in norwegian spruce led to slower decomposition: https://www.sciencedirect.com/science/article/abs/pii/S09291...
The crazy thing here is that there is SO MUCH precedent from accumulation of metals by trees in nature. In certain parts of New Caledonia a tree called pycnandra acuminata thrives in ultramorph aka Nickel rich soil. It has up to 24% nickel sap concentration and can be tapped for nickel citrate actually.