Thanks for this. No arguments about hardwoods standing up better, but I think I am willing to make that trade off, including epoxying them on, for a lighter weight (plus I have a bunch of 16 foot cedar boards already, although I could just save them all for my next build

). The idea of a laminated hardwood exterior piece over cedar is also interesting - will see what the financial and weight damage is for a thin, 16 foot cherry board around Ottawa
Thanks RHaslam - I have started to check out options from the lightweight gurus on canoetripping.net. A lot of what they are doing seems to be too sophisticated for my skill-set, but there are also a lot of more manageable approaches that people seem to have had success with.
So I haven't totally ruled out hardwood gunnels, especially thinned down ones, but do people use fibreglass or even just epoxy to provide some extra protection, even if they are screwed on? Even without the cloth a coat or two of just epoxy would seem to be stronger than varnish alone, and no more brittle, without requiring any more than the regular annual upkeep to touch up nicks and scratches. As I noted, this doesn't seem to be discussed as an option but I don't understand why not.
Thanks a lot for your responses so far - all good points that I will have to think about.