jrfrogers, this technique would more often be referred to as "double-tracking". "Layering" is usually used to describe sample-layering, which is similar except that it doesn't have the benefit of live-performance variation. But that's just how the terms are commonly used, not strict definitions.
Phase differences are actually important and desirable, as long as they're not static. It's the complex interplay between two close-but-not-identical tracks that adds fatness and interest. It's only when the two tracks are too close to being exactly the same that you get problems. So no, it's not the same as using two microphones on a speaker cabinet or a drum, because separate performances assure that the tracks are not identical.
I've run into phasing issues on double-tracked vocals. Back when AudioSnap first came out, I thought "great - now I can sync up those vocals perfectly!". So I did. Ugh. Comb-filtering defeated the thickening benefit of double-tracking, instead making the vocal sound thinner. I don't do that anymore.
What saves you with guitars is that it's impossible to play the same part exactly the same way twice in a row. That's why double-tracking works in the first place, whether you're talking guitars, vocals or handclaps. Natural human variation is the key.
You can further increase the necessary track-to-track variation a number of ways. Using different guitars is the best, but not everyone has that option. Other techniques for acoustic guitars: changing the microphone position and/or microphone, using a capo, different chord inversions, playing closer to the bridge, reversing up- and down-strokes, switching to a stiffer pick, moving to another spot in the room (or a different room), standing versus sitting. All of these things will assure differences that'll fatten the sound and avoid phase cancellations.
After tracking you can go even farther using EQ, compression and effects. One easy trick is to insert a graphic equalizer on each track and set each one to mirror the other. It's also easy with a parametric EQ, since you really only need a couple of filters in the upper-midrange. Modulated delays and choruses are another trick, but you have to keep it subtle.