I can see harm in adding lime sulphur to a fresh wound as it damages the live tissue. I use cut paste that contains hormones to promote healing the tissue. One does need to understand the effect of various sealants and use them appropriately or the results can be less than desirable. For example huge amounts of callus instead of a smooth closure. When the directions state apply thinly there is a reason for that direction.
A simpler process is to spray the area with Isopropyl Alcohol or Hydrogen Peroxide and let dry before preparing the area and edge for closure and cut paste! For those that do not have an aversion to the four letter word " BOOK" Good discussions and information with respect to this question can be found in Bonsai Heresy by Michael Hagedorn and Modern Bonsai Practice by Larry Morton.
Wound closure is important in Bonsai for three main reasons.
Prevent Dieback
Prevent disease entry
Aesthetic result, smooth closure.
I think Michael Hagedorn makes the most important distinction in the discussion when he points out that timing is critical if one hopes for better results!
Simply put take the time to disinfect and seal when the wound is fresh and the live edge has been just prepared. Allow the disinfectant to dry first, then prepare the live edge and seal.
I believe the hormones added to sealants can be a benefit particularly for those species that are slower to heal. Some species heal fast without much help and it is questionable how much benefit will be gained by hormones added to cut paste or liquid sealants.