I have had the opportunity to play a few of Bill Paulin's experimental prototypes in varying timbers and with various amounts of hollow space. The one I own (
www.fittell.id.au/eub ) has a cedar cap over a blackwood solid body with about 1/3 hollow cavities; I've compared this with completely solid basses and one almost completely hollow, and to be honest I don't think it makes much difference. All sounded excellent with the under-bridge piezos we were trialling.
Perhaps if the top was carved very thin to have some flexibility you might hear some change, but on these small-bodied instruments it seemed that wasn't really feasible.
More significant was the type of wood, and I think lighter, more resonant woods work better.
My Warwick BG has a Bubinga body with Wenge thru-neck - it's heavy, stiff, and sounds magnificent - very tight, even sound across the range, slightly compressed, and lots of sustain. Great for a BG, but nowhere near URB sound which needs more explosive dynamics and minimal sustain.
I'd suggest you try a nice light piece of alder, maybe with a spruce or cedar cap. Won't look as preatty as Bubinga but you'll appreciate the light weight and I suspect it will sound better.
My $0.02 worth...