This is an interesting issue, Gray.
In my
experience, wood chips soak in a lot more water when they have rotted a bit. Old wood mycelium is like a sponge. New wood chips are really hard and not too porous. I think that biochar and wood chips are so complementary. The biochar provides the micro hotels for microbes, the water retention, and the electric pathway for nutrients, but the wood chip mycelium is the connection that distributes phosphorus and other nutrients, through the plant signaling mechanisms, as explained by Suzanne Simard, UBC professor.
John S
PDX OR