The NFPA has reported on studies of the use of engineered lumber in structural uses. For example, floor joists made of it failed in 1/3 the time of traditional lumber in the same use.
http://www.nfpa.org/news-and-resear...august-2009/features/lightweight-construction
Yes, I know you're speaking primarily about wall sheathing in OSB. Not structural, you don't want gypsum board because it's too-easy to break the paper covering.
The rock band Great White had a concert in Warrick Rhode Island. Their pyrotechnic display ignited an illegal unpermitted, uninspected cladding of the walls of plywood paneling and soundproofing. The fire spread so-rapidly, within two minutes the fire elevated the temperature at head-height to over 1,000 degrees F. One hundred people died. The prior show for Great White was in Boynton Beach FL. The fire marshal refused to allow their pyrotechnic show unless they did an empty building display prior to their paid performance before an audience. "It's too-expensive," said the band's manager, to the fire marshal. The local official refused to give-in. The band performed without their pyrotechnics. They packed for the road trip, and headed to Warrick, Rhode Island.
You want to do 'hot work' in your untreated OSB-interior wall clad structure, w/no sprinklers? Consider the possible consequences.
The Life Safety Code has been adopted in all 50 states, and is designed to allow occupants to have a reasonable amount of time to evacuate via means of egress, or to be able to 'defend in place,' for occupancies like nursing homes, hospitals and jails.
If you follow the local building code you will have a reasonable expectation of survivability in the event of a fire, to survive. Consider the alternative.
http://www.nfpa.org/public-educatio...sembly-occupancies/the-station-nightclub-fire
http://www.rollingstone.com/music/n...umentary-about-tragic-nightclub-fire-20151112