Thanks for the replies.
I agree with you both that it could be a good time to redo the glass batts. But I later plan interior work that will remove sheetrock from the interior. House has been "redone" in the past and most of it is poor quality work.
So, since I am doing this myself, I think I will save reinsulating for later. I am sure I will feel pressed enough getting old siding off, adding blocking, correcting any framing issues and getting it covered again before the next storm!
At that time I am going to investigate options, and figured at the least I would do a more detailed installation than the previous installers and use the dense fiberglass batts at a minimum, though a sprayed in product will also be a consideration.
Dana I like the idea of gluing the sheathing to the studs. Also probably adds a modest amount of structutral strength.
3cityblue, I have to use gypsum since I am less than 5' from the property line, fire code issue.
Thanks again for the input