Thanks for the tips guys. I picked up some Honduran Mahogany today (couldn't find any Teak locally and I'm impatient). I plan to seal it with some kind of resin or varnish.
Next questions relates to the thickness of the wood in the inside and outside. The F7 had 1" thick oak on the inside. No problem there, the Mahogany is 1" (it was labeled as 5/4, but it's closer to 4/4). On the outside, however, it was 1/2" ply. Anything wrong with using 1" thick on the inside and outside (as long as the outboard fits, of course)?