On Wed, 06 Dec 2006 01:34:14 -0800, ray lunder
wrote:

I have stained, then varnished marine plywood and been blown away by
how good it looks. If you radius the edges of 3 or 5 ply stuff it
makes a dark, light, dark, light etc effect which makes it look like
you know what you're doing.

I did that with a bow pulpit project on my old boat. Used cherry
stain over okume ply and it looked real good when varnished.