In a food processor or blender, process garlic, chipotle peppers, reserved adobo sauce, sherry vinegar, balsamic vinegar, and salt until smooth.
With the motor running, add the oil in a slow, steady stream through the feed tube until all the oil is incorporated. Season to taste with pepper and pulse to blend.
Rinse wings under cold running water and pat dry. Place in a large sealable bag (or bags) and pour in 1 1/2 cups marinade.
Seal bag and toss to coat, refrigerate for 2 hours.
For the Cherry Chipolte Barbecue Sauce in a medium saucepan, bring ketchup, cherry preserves, cherry juice, brown sugar, vinegar, chipolte pepper sauce, Worchestershire sauce, garlic, and onion powder to a boil over medium-high heat.
Reduce heat and simmer, stirring occasionally, for 10 minutes to let flavors blend.
Remove wings from the marinade, but do not pat dry.
Discard marinade. Place wings in a single layer in disposable aluminum pans and set aside.
Prepare the fire in your smoker. See the manufacturer's instructions.
Place pans on the smoker racks, add wood to the coals, and close the lid.
Smoke at 225F to 250F for 1 hour. Brush wings with barbecue sauce and close the lid. Smoke for 1 hour or until juices run clear with chicken is pierced.
Serve wings with remaining sauce on the side.