Remove membrane from inside of pork ribs (a butter knife and a dry paper towel work well, simply insert the knife between the membrane and the ribs, lift to loosen, then grab it with a dry paper towel and peel away from ribs.) Mix the dry-rub ingredients together and sprinkle liberally on both sides of the rack. Smoke on your Traeger or other grill or smoker at 225 degrees for 1 hour.
Season the ribs well with the rub blend.
While the ribs smoke, heat the sauce ingredients in a small saucepan. Stir well to mix and move the pan off of the heat.
While the ribs smoke, heat the sauce ingredients and mix well.
Remove the ribs from the grill and lay each rack in the center of a large piece of aluminum foil. If you have several small sections of rib, add them to one sheet of foil. Fold the sides of the foil up to form a tray and pour over some of the bourbon-honey sauce. Reserve a bit of the glaze for the final cooking stage. Continue folding the foil together to form a tightly sealed packet around ribs. Move back to grill and continue cooking at 225 for two more hours.
Drizzle the ribs with the glaze, then wrap tightly in foil and continue cooking.
Carefully remove foil packets from grill and unwrap the ribs. Turn the temperature up on the grill to 325. Unwrap the ribs, taking care not to get burned by the escaping steam, and move the ribs back to the grill. Drizzle any remaining bourbon-honey glaze over the ribs and cook for one more hour.