Sounds about right! Though it’s labor intensive, bracing is everything if you want relatively light weight and great performance. I’ve worked with a few plywood variants with mixed success.
For awhile, I had sourced an Arouco(sp?) variant that was pretty light, pretty stiff and very affordable, BUT found too many voids and the stuff would warp if you looked at it wrong! Had to do glue ups very quickly after cutting and it would still occasionally warp. I personally found Italian Poplar to be really light, great to work with, but too soft for touring. Cabs take hits on the road, or mine sure do! Scratched that wood off the list for my needs.
Probably the best that I’ve tried is Okoume. Beautiful to work with, light and stiff. Where I live I have to get it shipped in and it’s crazy expensive. I just can’t bring myself to charging customers an extra $150 or thereabouts for a cab that’s gonna be 3-4 lbs lighter. So I’m full circle using Baltic Birch on nearly all of my builds. Not too heavy, no voids, super stiff and tough enough for hard touring. I’m sure I’ll keep looking around for other alternatives, but I’m perfectly happy using BB for the cost to benefit ratio it provides