I’m an experienced wood user, not a wood scientist so this post reflects my experience only.
I usually build painted carved hull models. I do have two planks of real boxwood and enjoy using it where unpainted parts are appropriate; thwarts and floorboards in an otherwise painted longboat. It is also great for carving oars.
On overlooked but useful wood for my purpose is (real) pine purchased from our local Menards store. I also have a supply of Basswood but prefer Pine. Pine was also the wood used by professional model builders to build the models for towing in the University of Michigan’s towing tank.
“Pine” stocked by lumberyards and home improvement stores is sold as SPF- Spruce, Pine, Fir. It is, therefore, important to be able to identify these three species in a lumber pile. Spruce is the lightest (by weight), and has at least to me an objectionable odor. Pine has a light color, is harder and heavier in weight. Fir, seems to have more color and a more distinct grain. For ship modeling I only use Pine.
I have recently bought Pine from Menards’ Bargain Bin. It appears that they will get select very wide (1x10 and 1x12) grade boards with a defect like a knot or crack near one end. Instead of downgrading the entire plank they will saw off the 2 ft with the defect, selling the shortened plank as select grade with the sawed off piece in the Bargain Bin. In addition to a reasonable price, defects often appear in the center of the piece so after cutting out the defective center I am left with two nice pieces.
POB scratch builders might find Pine for making Harold Hahn type frames to be superior to true bulkheads sawed from plywood.
Roger